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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.) Cost of Goods Sold (Income Statement) Walmart Target Sales (Income Statement) 572,753 106,007 429,002 74,957 Print Accounts Receivable (Balance Sheet) Done 8,281 833 Inventory (Balance Sheet) 56,518 13,899 - 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.) Cost of Goods Sold (Income Statement) Walmart Target Sales (Income Statement) 572,753 106,007 429,002 74,957 Print Accounts Receivable (Balance Sheet) Done 8,281 833 Inventory (Balance Sheet) 56,518 13,899 - X

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
Problem 1PS
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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.) Cost of Goods Sold (Income Statement) Walmart Target Sales (Income Statement) 572,753 106,007 429,002 74,957 Print Accounts Receivable (Balance Sheet) 8,281 833 Done Inventory (Balance Sheet) 56,518 13,899 X
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.) Cost of Goods Sold (Income Statement) Walmart Target Sales (Income Statement) 572,753 106,007 429,002 74,957 Print Accounts Receivable (Balance Sheet) 8,281 833 Done Inventory (Balance Sheet) 56,518 13,899 X
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