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For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 (Balance Sheet) 5,524 753 Inventory (Balance Sheet) 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? 45,008 8,600

For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 (Balance Sheet) 5,524 753 Inventory (Balance Sheet) 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? 45,008 8,600

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable (Balance Sheet) 5,524 753 Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 Inventory (Balance Sheet) 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? 45,008 8,600
Transcribed Image Text:For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable (Balance Sheet) 5,524 753 Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 Inventory (Balance Sheet) 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? 45,008 8,600
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