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For 2015, Wal-Mart and Target had the following information (all values are in millions of dollars) Sales (Income Statement) 482,546 73,481 Cost of Goods Sold
For 2015, Wal-Mart and Target had the following information (all values are in millions of dollars) Sales (Income Statement) 482,546 73,481 Cost of Goods Sold (Income Statement) 360,628 52,560 Accounts Receivable Balance Sheet) 5,587 831 Inventory Balance Sheet) 45,362 8,549 Wal-Mart Target a. What is each company's accounts receivable days? 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 aredays. (Round to two decimal places.) The accounts receivable days for Target aredays. (Round to two decimal places.) b. What is each company's inventory turnover? Inventory turnover for Wal-Mart istimes. (Round to two decimal places.)
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