Based upon the learning activities in Topic $1,$ you should now understand that positive working capital is normally a good thing in managing liquidity and profitability. Explain how Wal$-$Mart manages its working capital efficiently.

In addition, compare and contrast the working capital management strategy used by Wal$-$Mart with the working capital management strategy used by another big retailer such as Home Depot, Costco, Amazon, or Kroger.

So$,$ how does Wal$-$Mart manage its cash, accounts receivables, inventory and accounts payable in a way that allows them to be more profitable than Costco? Hint: Calculate the cash conversion cycle for both Wal$-$Mart and Costco and then compare the components.