The following data (in millions) were adapted from recent financial statements of Hewlett-Packard Company. 1. Compute the

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The following data (in millions) were adapted from recent financial statements of Hewlett-Packard Company.

The following data (in millions) were adapted from recent financial

1. Compute the accounts receivable turnover for Years 1 and 2. Round to one decimal place.
2. Compute the number of days€™ sales in receivables for Years 1 and 2. Round to one decimal place.
3. Compute the inventory turnover for Years 1 and 2. Round to one decimal place.
4. Compute the number of days€™ sales in inventory for Years 1 and 2. Round to one decimal place.
5. Comment on Hewlett-Packard€™s management of receivables and inventory based upon the results in parts (1), (2), (3), and(4).

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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