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13 5 a CAN SOMEONE CORRECT THE ONES I GOT WRONG BELOW? THEY'RE HIGHLIGHTED IN RED Suppose selected financial data of Target and Wal-Mart for
13 5 a CAN SOMEONE CORRECT THE ONES I GOT WRONG BELOW? THEY'RE HIGHLIGHTED IN RED
Suppose selected financial data of Target and Wal-Mart for 2014 are presented here (in millions) Target Corporation Wal-Mart Stores, 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 $65,357 45,583 15,101 707 $408,214 304,657 79,607 2,065 (94 ) (411) 1,384 $2,488 7,139 $ 14,335 Balance Sheet Data End of Year Current asset Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity $18,424 26,109 $44,533 $11,327 17,859 15,347 $44,533 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $44,106 13,712 10,512 30,394 $163,429 65,682 55,390 97,747 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $4,025 33,836 26,249 12,184 4,217 $7,525 6,942 5,881 1,729 496 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)Step by Step Solution
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