Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year are presented here (in millions).

Instructions
(a) For each company, compute the following ratios.
(1) Current.
(2) Receivables turnover.
(3) Average collection period.
(4) Inventory turnover.
(5) Days in inventory.
(6) Profit margin.
(7) Asset turnover.
(8) Return on assets.
(9) Return on common stockholders€™ equity.
(10) Debt to total assets.
(11) Times interest earned.
(b) Compare the liquidity, profitability, and solvency of the twocompanies.

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Target Corporation Wal-Mart Stores, Inc Income Statement Data for Year $67,390 45,725 13,469 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $405,046 304,657 79,607 1,884 2,576 7,139 $14,335 757 (2,944) 1,575 2,920 Balance Sheet Data (End of Year) $ 48,331 122,375 $170,706 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $17,213 26,492 $43,705 $10,070 18,148 15,487 $43,705 55,561 44,396 70,749 $170,706 Target Corporation Wal-Mart Stores, Inc inning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $44,533 15,347 11,327 29,186 $163,429 65,285 55,390 96,350 Other Data Average net receivables Average inventory Net cash provided by operating activities 6,560 7,388 5,271 $ 4,025 33,836 26,249