Question: undefined Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Net
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Assume selected financial data for Walmart and Target, two close competitors in the retail industry, are as follows: ($ in millions) Walmart Target Net Sales $445,854 69,566 Beginning Accounts Receivable $5,164 6,203 Ending Accounts Receivable $6,037 5,977 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.) Receivables Turnover Ratio Walmart Target Receivables Turnover Ratio times 0 times Average Collection Period Walmart Target Average Collection Period o days 0 days
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