The following data in millions were adapted from recent financial
The following data (in millions) were adapted from recent financial statements of Hewlett-Packard Company.


1. Compute the accounts receivable turnover for Years 1 and 2. Round to one decimal place.
2. Compute the number of days’ sales in receivables for Years 1 and 2. Round to one decimal place.
3. Compute the inventory turnover for Years 1 and 2. Round to one decimal place.
4. Compute the number of days’ sales in inventory for Years 1 and 2. Round to one decimal place.
5. Comment on Hewlett-Packard’s management of receivables and inventory based upon the results in parts (1), (2), (3), and(4).
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