The following data (in millions) were adapted from recent financial statements of CVS Health Corporation (CVS). 1.

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The following data (in millions) were adapted from recent financial statements of CVS Health Corporation (CVS).
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 days' sales in receivables for Years 1 and 2. Round to the nearest day.
3. Compute the inventory turnover for Years 1 and 2. Round to one decimal place.
4. Compute the days' sales in inventory for Years 1 and 2. Round to one decimal place.
5. Compute the return on sales for Years 1 and 2. Round to one decimal place.
6. Comment on CVS' operations based upon the results in parts (1), (2), (3), (4) and (5).

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...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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