Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold

image text in transcribed
image text in transcribed
image text in transcribed
Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 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 Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $66,800 $413,000 46,000 308,000 14.400 77,000 680 1,800 (90) (380) 1,400 6.900 $4,230 $ 18,920 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,000 $47.000 27,500 121.000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 $45,500 $168.000 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $18,000 27,500 $45,500 $11,000 16,800 17,700 $45,500 $47.000 121,000 $168,000 $54,000 45,000 69,000 $168,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $162,000 13,500 64,000 10,500 54,000 29,500 98,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7,700 $3,800 6,800 34,200 5,600 25,600 1,800 12,100 450 4,300 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. ratio and free cash flow answers to O decimal places. e.g. 5.275 and all answers to 1 decimal place, For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, c.9. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, eg. 5,275 and all answers to 1 decimal place, c.8. 1.8 or 1.83%) Ratio Target Wal-Mart (1) Current ratio :1 1 (2) times times (3) days days (4) Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin times times (5) days days (6) % (7) Asset turnover times times (8) % % (9) % % (10) Return on assets Return on common stockholders equity Debt to assets ratio Times interest earned Free cash flow % % (11) times times (12) $ $ Save for Later Attempts: 0 of 1 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions