Question: Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Beginning Ending

 Assume selected financial data for Walmart and Target, two close competitors

Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Beginning Ending Accounts Accounts Receivable Receivable $ 5,564 $ 6,437 6,403 6,177 Net Sales 453,854 73,966 $ Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions. Do not round your intermediate calculations and round your answers to 1 decimal place.) Receivables Turnover Ratio Receivables Turnover Ratio Walmart times Target 0 times Average Collection Period Walmart F Average Collection Period days 0 days Target

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