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For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) 514,403 75,364 Cost of Goods Sold
For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) 514,403 75,364 Cost of Goods Sold (Income Statement) 385,306 53,293 Accounts Receivable (Balance Sheet) 6,282 1,102 Inventory (Balance Sheet) 44,274 9,500 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
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