1. Walmart, Inc has sales of $500 Billion dollars, a net profit of $90 Billion, and an inventory turnover ratio of 12.5. What is the inventory level for this firm given this information?
A. $40 Billion
B. $100 Billion
C. $120 Billion
D. $150 Billion
2. Walmart, Inc has a net profit of $90 Billion, accounts receivable of $20 Billion, and annual sales of $500 Billion. Calculate the firm's Days Sales Outstanding, or average collection period, given this information.
A. 12.74 Days
B. 14.60 Days
C. 20 Days
D. 36 Days