The following data in millions were adapted from recent financial
The following data (in millions) were adapted from recent financial statements of International Paper Company and Walmart Stores Inc.


1. Compute the accounts receivable turnover for International Paper and Walmart. Round to one decimal place.
2. Compute the number of days’ sales in receivables for International Paper and Walmart.
Round to one decimal place.
3. Compute the inventory turnover for International Paper and Walmart. Round to one decimal place.
4. Compute the number of days’ sales in inventory for International Paper and Walmart. Round to one decimal place.
5. Comment on and explain any differences in International Paper’s and Walmart’s management of inventories and receivables based upon the results in parts (1), (2), (3), and(4).
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