Current Attempt in Progress Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $75,000 $400,000 51,000 272,000 19,500 88,000 1,500 4,000 20 3,900 1.057 13.965 $ 1.963 $25.935 Target Wal-Mart Balance Sheet Data (End of Year) $19.680 $ 39,960 30.000 118.000 $40.620 51167.960 Current assets Noncurrent assets rotan 4 II 510 go F7 59 FB Income taxes Net income 1,057 $ 1,963 13,965 $25.935 Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Balance Sheet Data (End of Year) $19.680 $39.960 30,000 118,000 $49,680 $157,960 $12,000 $ 54,000 25,260 48.674 12,420 55.286 $49,680 $157,960 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted average common shares outstanding (millions) $4,400 $3,500 $500 650 $23,300 $11,700 $3,600 5,460 For each company, compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings p decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enteri For each company.compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g. - 15,000 or in parentheses e.g. (15,000).) Target Wal-Mart (a) Working capital $ $ (b) Current ratio :1 :1 % (c) Debt to assets ratio (d) Free cash flow $ $ $ $ (e) Earnings per share (f) Which company has better liquidity? Which company has better solvency? e Textbook and Media Attempts: 0 of 2 used Submit Answer Save for Later