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Please help me fill in the blanks and explain, thank you so much in advance. Assume selected financial data for Walmart and Target, two close

Please help me fill in the blanks and explain, thank you so much in advance. image text in transcribed
Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: (s in millions) Walmart Target s Net Sales $444,854 69,016 , 854 Beginning Accounts Receivable $5,114 6,178 Tess, 114 Ending Accounts Receivable $5,987 5,952 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target (Enter your answers in millions. Do not round your intermediate calculations and round your answers to 1 decimal place.) Net sales Receivables Turnover Ratio / Average accounts receivable 463,854 / 1 79,466 / 1 Walmart Target Receivables Tumover Ratio times O times = Average Collection Period Average Collection Period Receivables turnover ratio 365 365 / Walmart o days Target o days 1-b. Which company maintains a higher receivables turnover? Walmart Target

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