For20152015,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-mart481 comma 391481,391361 comma 009361,0095 comma 7245,72445 comma 18145,181target74 comma 35474,35451 comma 93051,930nbsp 752 7528 comma 6148,614a. 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?

Suppose that fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. because more firms increase competition in the market, the market price falls as more firms enter an automobile market, or specifically, , where n represents the number of firms in a market. assume that the initial size of the u.s. and the european automobile markets are 300 million and 533 million people, respectively.a. calculate the equilibrium number of firms in the u.s. and european automobile markets without trade.b. what is the equilibrium price of automobiles in the united states and europe if the automobile industry is closed to foreign trade? c. now suppose that the united states decides on free trade in automobiles with europe. the trade agreement with the europeans adds 533 million consumers to the automobile market, in addition to the 300 million in the united states. how many automobile firms will there be in the united states and europe combined? what will be the new equilibrium price of automobiles? d. why are prices in the united states different in (c) and (b)? are consumers better off with free trade? in what ways?