2013, dll 12.00 UI Delme JL, 2014. P18-5 Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions) Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year $61,471 $374,526 41.895 286,515 16,200 70,847 647 1,798 1,896 4,273 1,776 6,908 $ 2,849 $12.731 Balance Sheet Data (End of Year) Current assets $18,906 25,654 $ 47,585 115,929 S44,560 Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $11,782 17,471 15,307 $44,560 $163,514 $58,454 40,452 64,608 $163,514 Target Corporation Wal-Mart Stores, Inc. Beginning-of-Year Balances S37,349 SI51,587 Total assets Total stockholders' equity Current liabilities Total liabilities 61,573 52,148 90,014 15,633 11,117 21,716 Other Data $ 7,124 6,517 4,125 Average net receivables Average inventory Net cash provided by operating activities Instructions $3,247 34,433 20,354 (a) For each company, compute the following ratios. 1. Current 2. Receivables turnover. Average collection period, Inventory tumover. 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 two companies