Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: Beginning Accounts Receivable $5,264 6,253 ($ in millions) Walmart Target Walmart Target 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.) Walmart Target Net Sales $447,854 70,666 O Walmart O Target Receivables Turnover Ratio 1 1 Average Collection Period Ending Accounts Receivable $6,137 6,027 1 1-b. Which company maintains a higher receivables turnover? nama Receivables Turnover Ratio times 0 times E Average Collection Period 0 days B 0 days

Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: Required: 1.a. Calculate the receivables turnover rotio 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.) 1.b. Which company maintains a higher recelvables turnover? Waimart Torget