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? Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Walmart Target (Income Statement) Sales 572,762 106,007 Cost of Goods Sold (Income Statement) 428,997 74,962 Accounts Receivable (Balance Sheet) 8,279 830 Inventory (Balance She 56,519 13,902 = X
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? Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Walmart Target (Income Statement) Sales 572,762 106,007 Cost of Goods Sold (Income Statement) 428,997 74,962 Accounts Receivable (Balance Sheet) 8,279 830 Inventory (Balance She 56,519 13,902 = X
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
Problem 1PS
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Transcribed Image Text: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?
Data table
(Click on the following icon in order to copy its contents into a spreadsheet.)
Walmart
Target
(Income Statement)
Sales
572,762
106,007
Cost of Goods Sold
(Income Statement)
428,997
74,962
Accounts Receivable
(Balance Sheet)
8,279
830
Inventory
(Balance She
56,519
13,902
= X
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