For 2015, Wal-Mart and Target had the following information (all values are in millions of...
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Finance
For 2015, Wal-Mart and Target had the following information (all values are in millions of dollars): Sales (Income Statement) Cost of Goods Sold (Income Statement) Accounts Receivable (Balance Sheet) Inventory (Balance Sheet) Wal-Mart 481 comma 933 361 comma 008 5 comma 533 44 comma 066 Target 74 comma 665 52 comma 449 nbsp 820 8 comma 533 a. What is each company's accounts receivable days? b. What is each company's inventory turnover? c. Which company is managing its accounts receivable and inventory more efficiently?
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