Walmart and Target are two of the largest and most successful retail chains in the world. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions)

Required:
1. Calculate the receivables turnover ratios and days to collect for Walmart and Target for the years ended January 31, 2011 and 2010. (Round to one decimal place.)
2. Which of the companies is quicker to convert its receivables into cash?

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Walmart Target Fiscal Year Ended January 3 Net Sales Accounts Receivable, Net of Allowance 2010 2009 2011 2010 2009 562,894 5,089 4,144 3,905 6,153 6,966 8,084