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

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

Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Net Sales $455,854 75,066 Beginning Accounts Receivable $5,664 6,453 Ending Accounts Receivable $6,537 6,227 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answ not round your intermediate calculations and round your answers to 1 decimal place.) Receivables Turnover Ratio Walmart Receivables Turnover Ratio times times Target Average Collection Period Walmart Average Collection Period 0 days 0 days Target 1-b. Which company maintains a higher receivables turnover? Walmart Target

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