Selected financial data of Target (USA) and Wal-Mart (USA) for a recent year are-presented here and on the shown below (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 ordinary shareholders€™ equity.
(10) Debt to total assets.
(11) Time interest earned.
(b) Compare the liquidity, profitability, and solvency of the twocompanies.

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Target Wal-Mart CorporationStores, Inc Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $61.471 41.895 16.200 647 1.896 1.776 2,849 $374.526 286.515 70.847 1.798 4.273 6,908 12.731 Non-current assets Current assets Total assets Statement of Financial Position Data (End of Year) $25.654 18,906 $44,560 S115.929 47,585 $163,514 Total equity Non-current liabilities Current liabilities Total equity and liabilities $15.307 17,471 11.782 $44,560 64.608 40.452 58,454 $163,514 Beginning-of-Year Balances Total assets Total equity Curren liabilities Total liabilities $151.587 61.573 52.148 90.014 $37.349 15.633 21.716 Other Data Average net receivables Average inventory Net cash provided by operating activities S 7.124 6.517 4.125 3.247 34,433 20.354