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For 2015, Wal-Mart and Target had the following information (all values are in millions of dollars) Sales (Income Statement) 481,715 74,327 Cost of Goods Sold
For 2015, Wal-Mart and Target had the following information (all values are in millions of dollars) Sales (Income Statement) 481,715 74,327 Cost of Goods Sold (Income Statement) 360,058 52,257 Accounts Receivable (Balance Sheet) Inventory (Balance Sheet) Wal-Mart Target 5,716 805 44,707 8,690 a. What is each company's accounts eivabl b. What is each company's inventory turnover? c. Which company is managing its accounts receivable and inventory more efficiently? a. What is each company's accounts receivable days? The accounts receivable days for Wal-Mart are days. (Round to two decimal places.)
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