The following data (in millions) were adapted from recent financial statements of International Paper Company (IP) and Walmart Inc. (WMT):

International Paper Walmart

Sales, $19,363 $572,754

Cost of goods sold, 13,832 429,000;

Operating income, 999 25,942

Accounts receivable

Beginning of year, 2,632 6,516

End of year, 3,232 8,280

Inventory

Beginning of year, 1,626 44,949

End of year, 1,814 56,5114.

1.Compute the accounts receivable turnover for International Paper and Walmart. Round to one decimal place.

2.Compute the days sales in receivables for International Paper and Walmart. Round to nearest day.

3.Compute the inventory turnover for International Paper and Walmart. Round to one decimal place.

4.Compute the days sales in inventory for International Paper and Walmart. Round to nearest day.

5. Compute the return on sales for International Paper and Walmart. Round to one decimal place.

6.Comment on and explain any differences in International Papers and Walmarts management of inventories and receivables based upon the results in parts (1), (2), (3), (4), and (5).