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

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

The following data (in millions) were adapted from recent financial

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).

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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