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Sales (Income Statement) Cost of Goods Sold (Income Statement) Accounts Receivable (Balance Sheet) Inventory (Balance Sheet) Walmart 572,751 428,991 8,276 56,512 Target 106,015 74,953 835

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Sales

(Income Statement)

Cost of Goods Sold

(Income Statement)

Accounts Receivable

(Balance Sheet)

Inventory

(Balance Sheet)

Walmart 572,751 428,991 8,276 56,512
Target 106,015 74,953 835 13,898
For 2021, Walmart and Target had the following information (all values are in millions of dollars): Assume a 365-day year. 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 Walmart 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? The inventory turnover for Walmart is times. (Round to two decimal places.) The Inventory turnover for Target is times. (Round to two decimal places.) c. Which company is managing its accounts receivable and inventory more efficiently? is the company managing its accounts receivable more efficiently. (Select from the drop-down menu.) is the company managing its inventory more efficiently. (Select from the drop-down menu.)

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