The following data (in millions) were adapted from recent financial statements of International Paper Company (IP) and Walmart Inc. (WMT):

1. Compute the accounts receivable turnover for International Paper and Walmart. Round to one decimal place.

2. Compute the days’ sales in receivables for International Paper and Walmart. Round to nearest day.

3. Compute the inventory turnover for International Paper and Walmart. Round to one decimal place.

4. Compute the days’ sales in inventory for International Paper and Walmart. Round to nearest day.

5. Compute the return on sales for International Paper and Walmart. Round to one decimal place.

6. Comment on and explain any differences in International Paper’s and Walmart’s management of inventories and receivables based upon the results in parts (1), (2), (3), (4), and (5).

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International Paper Walmart Sales $21,743 $500,343 Cost of goods sold Operating income Accounts receivable: 15,300 373,396 2,110 20,437 Beginning of year End of year Inventory: Beginning of year End of year 3,287 2,852 5,614 5,835 2,313 43,783 2,233 43,046