For 2018, Walmart and Target had the following information (all values are in millions of dollars): a.
Question:
For 2018, Walmart and Target had the following information (all values are in millions of dollars):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?
Transcribed Image Text:
Walmart Target Sales (Income Statement) 514,405 75,356 Cost of Goods Sold (Income Statement) 385,301 53,299 Accounts Receivable (Balance Sheet) 6,280 1,100 Inventory (Balance Sheet) 44,269 9,497
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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