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

($ in millions) Net

Sales Beginning Accounts Receivable Ending Accounts Receivable

Walmart $ 450,854 $ 5,414 $ 6,287

Target 72,316 6,328 6,102

Problem 5-9A Calculate and analyze ratios (L05-8) Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target 33:48 Beginning Accounts Receivable $5,414 6,328 Net Sales $450,854 72,316 Ending Accounts Receivable $6,287 6,102 Required: 1-a. Calculate the receivables turnover ratio and average collection period for Walmart and Target. (Enter your answers in millions. D not round your intermediate calculations and round your answers to 1 decimal place.) ht ences Receivables Turnover Ratio Average accounts receivable 450,854 72,316 Net sales $ $ Walmart Target Receivables Turnover Ratio times o times Average Collection Period Receivables turnover ratio 365 Walmart Target Average Collection Period 0 days 0 days 1-b. Which company maintains a higher receivables turnover? O Walmart O Target