Use the financial information for Wal-Mart Stores, Inc., given on page 378, to answer the following questions:

1. For the most recent year given, compute Wal-Mart's average collection period.

2. For the most recent year given, what percentage of total current assets are accounts receivable for Wal-Mart?

3. For the most recent year given, determine the percentage of Wal-Mart's firm's revenues that is derived from sources other thansales.

Wal-Mart Stores, Inc. and Subsidiaries Consolidated Balance Sheets (Amounts in millions) January 31, 2005 2004 Assets Current Assets: Cash and cash equivalents 5,488 .715 29.447 1.84 5,199 .254 26.612 1,356 Prepaid expenses and other Total Current Assets $38,49 $34.42 Wal-Mart Stores, Inc. and Subsidiaries Consolidated Statements of Income Amounts in millions) Fiscal years ended January 31, 2005 2004 2003 Revenues: Net sales $285.222 $256,329 $229.616 ,961 231.577 2.767 287.989 2.352 258.681 Costs and expenses: Cost of sales Operating, selling and general and administrative expenses5.I0S 219.793 98.747 44,909 78.299 39,983 Interest costs: Debt Capital leases Interest income 934 253 201) 986 729 267 (164) 832 799 260 (132) 927 Interest, net Income from continuing operation before income Provision for Income taxes: taxes and minority interest. 6.105 14,193 2,368 Current Deferred 5.326 263 4.94 3,883 474 4.357 5.118 Income from continuing operations before minority interest Minority Interest Income from continuing operations Income from discontinued operations, net of tax. Net Income 8.011 (193) 7.818 137 $10,2679.054 $ 7.955 9,075 (214) 8,861 193 10.516 .10.267