Refer to the financial statements of Target Appendix B and Walmart Appendix C
Required:
Compute the receivables turnover ratio for both companies for the most recent year. For Target, use the "Accounts and other receivables" amounts located in Note Other Current Assets for the denominator. For Walmart, use the "receivables from transactions with customers, net" amounts located in Note Receivables for the denominator.
What characteristic of their businespes is the main cause their receivables turnover ratios to be so high?
How do Target and Walmart accouit for expected or estimated customer returns?
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Compute the receivables turnover ratio for both companies for the most recent year. For Target, use the "Accounts and other receivables" amounts located in Note Other Current Assets for the denominator. For Walmart, use the "receivables from transactions with customers, net" amounts located in Note Receivables for the denominator.
Note: Do not round your intermediate calculations. Round your final answers to two decimal places.
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tableRatioTarget,WalmartReceivables turnover,,
