Selected financial data (in millions) of two intense competitors, Kmart and WalMart, for 1998 are presented here:

Instructions For each company, compute these values and ratios:

(a) Working capital.

(b) Current ratio.

(c) Debt to total assets ratio.

(d) Return on assets ratio.

(e) Profit margin ratio.

(f) Compare the liquidity, solvency, and profitability of the two companies.

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Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (loss) Income taxes Net income Kmart Wal-Mart Income Statement Data for Year $33,674 $137,634 26,319 108,725 6,245 22,363 343 797 (19) 1,421 230 2,740 518 $ 4,430 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $ 7,830 6,336 $ 21,132 28,864 $ 49,996 $14,166 $ 3,691 $ 16,762 4,496 5,979 $14,166 $ 49,996 12,122 21,112 Total assets Beginning-of-Year Balances $13,558 $ 45,384