Below you will find the balance sheet and income statement for Target and Walmart (ticker: TGT and WMT). For each company, calculate return on assets, average collection days, cash coverage ratio, and cash ratio in 2017, assuming the corporate tax rate is 35%. Compare and interpret the ratios between Target and Walmart.

Income Statement	TGT	WMT
	2017	2017
Sales	69,495,000	71,890,000
Cost of Goods Sold	49,145,000	21,685,000
Gross Profit	20,350,000	50,205,000
Operating Expenses	15,338,000	29,560,000
Continuing Operating Income	5,012,000	20,645,000
Other Income	0	-116,000
EBIT	5,012,000	20,529,000
Interest Expense	582,000	726,000
Pretax Income	4,430,000	19,803,000
Income Tax Expense	1,296,000	3,263,000
Net Income	3,134,000	16,540,000

Balance Sheet	TGT			WMT
	2017	2016		2017	2016
Cash	2,512,000	4,046,000		6,867,000	8,705,000
Marketable Securities	0	0		0	0
Receivables	749,000	736,000		5,835,000	5,624,000
Inventories	8,309,000	8,601,000		43,046,000	44,469,000
Other current assets	212,000	533,000		0	0
Total Current Assets	11,990,000	14,130,000		57,689,000	60,239
PP&E	24,658,000	25,217,000		114,178,000	116,516,000
Intangible assets	187,000	794,000		17,037,000	16,695,000
Other assets	596,000	694,000		9,442,000	5,510,000
Total Assets	37,431,000	40,262,000		196,088,000	199,581,000
Accounts Payable	7,252,000	7,418,000		41,433,000	38,487,000
Short-term Debt	12,749,000	12,768,000		46,568,000	50,772,000
Other current liabilities	1871000	2439000		2777000	521000
Total Current Liabilities	12,707,000	12,622,000		66,928,000	64,619,000
Long-term Debt	11,031,000	11,945,000		36,645,000	38,952,000
Other liabilities	2,740,000	2,738,000		8,714,000	6,583,000
Total Liabilities	26,478,000	27,305,000		118,290,000	115,970,000
Stockholder Equity	5,707,000	5,398,000		2,676,000	2,122,000
Treasury Stocks	-638,000	-629,000		-14,232,000	-11,597,000
Retained Earnings	5,884,000	8,188,000		89,354,000	90,021,000
Total Stockholder Equity	10,953,000	12,957,000		77,798,000	80,546,000