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K For 2018, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) Cost of Goods Sold
K 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) Accounts Receivable (Balance Sheet) Inventory (Balance Sheet) Wal-Mart Target 514,413 75,358 385,291 6,284 44,273 53,291 1,102 9,493 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? REDD 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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