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

Instructions
(a) For each company, compute the following ratios.
(1) Current.
(2) Accounts receivable 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) Times interest earned.
(b) Compare the liquidity, profitability, and solvency of the two companies.

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Wal-Mart Stores, Inc. Target Corporation Income Statement Data for Year $405,046 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense $67,390 45,725 13,469 304,657 79,607 757 1,884 2,576 7,139 (2,944) 1,575 $ 2,920 $ 14,335 Net income Statement of Financial Position Data (End of Year) Non-current assets Current assets $26,492 17,213 $122,375 48,331 Total assets $43,705 $170,706 $ 70,749 Total equity Non-current liabilities Current liabilities $15,487 18,148 10,070 $43,705 44,396 55,561 Total equity and liabilities $170,706