courses/36345/assignments/3827682?module_item_Jd=12206811 Corporation Stores, Inc. Income Statement Data for Year Net sales $66,600 $407,000 Cost of goods sold 45,000 305,000 Selling and administrative expenses 14,900 79,000 730 1,800 sterest expense Other income (expense) (75) (390) Income tax expense 1,500 7,400 Net income $4,395 $ 13,410 Balance Sheet Data (End of Year) Current assets $18,000 $50,000 Noncurrent assets 26,100 121,000 Total assets $44,100 $171,000 Current liabilities $10,000 $55,000 45,000 Long-term debt 17,200 Total stockholders' equity 16,900 71,000 Total liabilities and stockholders' equity $44,100 $171,000 Beginning-of-Year Balances Total assets $45,000 $163,000 Other Data Average net accounts receivable $7,900 $3,800 Average inventory 6,800 Net cash provided by operating activities Capital expenditures 5,600 1,600 520 34,200 26,800 11,600 4,200 Dividends For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, c.8. 15.50, debt to assets ratio and free cash decimal places, eg. 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%) Ratio Target Wal-Mart Current ratio 0.91 :1 Accounts receivable turnover times 1071 times 425 days Average collection period days Inventory turnover times times (5) days days Days in inventory & Profit margin times (7) Asset turnover * (8) Return on assets X (9) Return on common stockholders' equity (10) Debt to assets ratio times 126 times (11) Times interest earned 6,800 5,600 Net cash provided by operating activities Capital expenditures Dividends 34,200 26,800 11,600 1,600 520 4,200 each company, compute the following ratios. (Round current ratio answers to 2 decimal places, s. 15.50, debt to assets ratio decimal places, eg. 5,275 and all answers to 1 decimal place, s. 1.8 or 1.83%) Ratio Target Wal-Mart Current ratio 0.91 :1 (2) 180 +1 84 times Accounts receivable turnover 1071 times Average collection period (4) (5) Inventory turnover Days in inventory Profit margin (6) (7) (8) (9) Asset turnover Return on assets Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned 9.1 times times (12) Free cash flow $ 2795 1810