Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79,607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $ 2,488 $ 14,335 Balance Sheet Data (End of Year) Current assets $18,424 $48,331 Noncurrent assets 26,109 122,375 Total assets $44,533 $170,706 Current liabilities $11,327 $55,561 Long-term debt 17,859 44,089 Total stockholders' equity 15,347 71,056 Total liabilities and stockholders' equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44,106 $163,429 Total stockholders' equity 13,712 65,682 Current liabilities 10,512 55,390 Total liabilities 30,394 97,747 Other Data Average net accounts receivable $7,525 $4,025 Average inventory 6,942 33,836 Net cash provided by operating activities 5,881 26,249 Capital expenditures 1,729 12,184 Cash dividends paid 496 4,217 Ratio Target Wal-Mart (1) Current ratio 1.63 :1 0.87 :1 (2) Accounts receivable turnover 8.6 times 101.4 times (3) Average collection period 42.0 days 3.6 days (4) Inventory turnover 6.6 times 9.0 times (5) Days in inventory 55.3 days 40.6 days (6) Profit margin 3.8 % 3.5 % (7) Asset turnover 1.5 times 2.4 times (8) Return on assets 5.6 % 8.6 % (9) Return on common stockholders' equity 17.1 % 21.0 % (10) Debt to assets ratio 66 % 58 % (11) Times interest earned 6.5 times 11.4 times (12) Free cash flow $3,656 $9,848 (b) Compare the liquidity, solvency, and profitability of the two companies