For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 (Balance Sheet) 5,524 753 Inventory (Balance Sheet) 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? 45,008 8,600
For 2015, Walmart and Target had the following information (all values are in millions of dollars). Accounts Receivable Walmart Target Sales Cost of Goods Sold (Income Statement) (Income Statement) 482,748 73,603 361,611 52,937 (Balance Sheet) 5,524 753 Inventory (Balance Sheet) 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? 45,008 8,600
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 27BEB: Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had...
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