Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect Walmart and Target are two of the largest and most successful retail chains in the world. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). 11eb7f6e_01a9_fe9e_9b93_abd32f47bde3_SM1709_00 Required: 1. Calculate the receivables turnover ratios and days to collect for Walmart and Target for the years ended January 31, 2011 and 2010. (Round to one decimal place.) 2. Which of the companies is quicker to convert its receivables into cash

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

تمرين 34

Analyzing Allowance for Doubtful Accounts, Receivables Turnover Ratio, and Days to Collect
Walmart and Target are two of the largest and most successful retail chains in the world. To evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions).

Required:
1. Calculate the receivables turnover ratios and days to collect for Walmart and Target for the years ended January 31, 2011 and 2010. (Round to one decimal place.)
2. Which of the companies is quicker to convert its receivables into cash

التوضيح

موثّق

1.
The receivables turnover ratio is cal...