Assume selected financial data for Wide Mart and Bullseye, two close competitor in the retail industry are as follows:

 

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($ in millions) Wide Mart Bullseye Net Sales $ 452,854 73,416 Required: Beginning Accounts Receivable Ending Accounts Receivable $ 5,514 6,378 $ 6,387 6,152 1-a. Calculate the receivables turnover ratio and average collection period for Wide Mart and Bullseye. 1-b. Which company has more favorable ratios? Complete this question by entering your answers in the tabs below. Req ia Req 1b Calculate the receivables turnover ratio and average collection period for Wide Mart and Bullseye. Note: Enter your dollar answers in millions. Do not round your intermediate calculations. Enter Ratios to 1 decimal place. Wide Mart Bullseye Wide Mart Bulleovo Choose Numerator: Receivables Turnover Ratio Choose Denominator: Average Collection Period Choose Numerator: Choose Denominator: IF Receivables Turnover Ratio times 0 times Average Collection Period 0 days Oldays < Prev 10 of 11 Next ($ in millions) Wide Mart Bullseye Net Sales $ 452,854 73,416 Required: Beginning Accounts Receivable Ending Accounts Receivable $ 5,514 6,378 $ 6,387 6,152 1-a. Calculate the receivables turnover ratio and average collection period for Wide Mart and Bullseye. 1-b. Which company has more favorable ratios? Complete this question by entering your answers in the tabs below. Req ia Req 1b Calculate the receivables turnover ratio and average collection period for Wide Mart and Bullseye. Note: Enter your dollar answers in millions. Do not round your intermediate calculations. Enter Ratios to 1 decimal place. Wide Mart Bullseye Wide Mart Bulleovo Choose Numerator: Receivables Turnover Ratio Choose Denominator: Average Collection Period Choose Numerator: Choose Denominator: IF Receivables Turnover Ratio times 0 times Average Collection Period 0 days Oldays < Prev 10 of 11 Next