alright so I have to do an accounting project and im unsure how to read this number on the balance sheet.

on the balance sheet it says (in millions)

the number is 16,449, would that be listed as 16,449,000,000?

thanks for the help

you're right, just multiply it by 10^6

can anyone help me out with receivables turnover ratio? I'm doing a project for school on Target. I'm not sure on what to do.... I need to figure it out for 2012.

Receivables turnover ratio is: net credit sale/ average net receivables

can someone help me out with the numbers? the numbers are in here: http://finance.yahoo.com/q/bs?s=TGT+Balance+Sheet&annual

Anyone who can help me out and just point out the numbers, I'd really appreciate it.

Sales is on the IS, generally listed as Revenue.
Unless you're specifically given it, for this purpose, I'd assume cash sales as well as returns, allowances and discounts are 0. Otherwise, you would have to subtract these from revenue to get net credit sales.

Average net receivables = (beg acct receivables + ending)/2. These will be on the balance sheet.

how would i find the average net receivables on the corporate balance sheet? I'm unsure of what the beg acct receivable + ending is

E: this is the balance sheet, I need to figure it out for 2012 and 2011.

This post was edited by Element1023 on Apr 20 2013 10:30pm

Think about what you're trying to do for a second.

You're looking for the receivables that match up to what's on the income statement.
The income statement is for a 1 year period.
The balance sheet gives you snapshots in time.

If you're using sales from the 2012 income statement, these would be the sales over the course of the 2012 fiscal year.
Accordingly, you need to match this with balance sheet items over the same period. This would be the average amounts in each of the line items, over the 2012 year.
In order to estimate this, you would find the average of the 2012 BS amount and the 2011 BS amount.

Let me know if this doesn't make sense to you.

This post was edited by someone3 on Apr 21 2013 11:46am