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For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) 514,405 75,356 Cost of Goods Sold
For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) 514,405 75,356 Cost of Goods Sold (Income Statement) 385,301 53,299 Accounts Receivable (Balance Sheet) 6,280 1,100 Inventory (Balance Sheet) 44,269 9,497 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 are days. (Round to two decimal places.) The accounts receivable days for Target are days. (Round to two decimal places.) b. What is each company's inventory turnover? Inventory turnover for Wal-Mart is times. (Round to two decimal places.) Inventory turnover for Target is times. (Round to two decimal places.) c. Which company is managing its accounts receivable and inventory more efficiently? (Select the best answers from the drop-down menus.) is the company managing its accounts receivable more efficiently. is the company managing its inventory more efficiently
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