Sears, Roebuck & Company and Federated Department Stores, Inc. (Macys, Richs Bloomingdales) are two of the largest

Question:

Sears, Roebuck & Company and Federated Department Stores, Inc. (Macy€™s, Rich€™s Bloomingdale€™s) are two of the largest department store chains in the United States. Both companies offer credit to their customers through their own credit card operations. In addition, Sears offers credit to non-Sears customers through a Sears MasterCard®. Information from the for both companies for two recent years is as follows (all numbers are in millions):

a. Determine the
(1) Accounts receivable turnover
(2) The number of days€™ sales in receivables for both companies. Round to one digit after the decimal place.
b. Compare the two companies with regard to their credit cardpolicies.

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... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...