For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars):...
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For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) Cost of Goods Sold (Income Statement) Wal-Mart Target 514,409 385,303 75,347 Accounts Receivable (Balance Sheet) 6,281 1,099 Inventory (Balance Sheet) 44,266 9,500 53,304 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 are days. (Round to two decimal places.) For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) Cost of Goods Sold (Income Statement) Wal-Mart Target 514,409 385,303 75,347 Accounts Receivable (Balance Sheet) 6,281 1,099 Inventory (Balance Sheet) 44,266 9,500 53,304 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 are days. (Round to two decimal places.)
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