Question
elected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year Net
elected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions).
Target Corporation | Walmart Inc. | ||||||
---|---|---|---|---|---|---|---|
Income Statement Data for Year | |||||||
Net sales | $65,520 | $410,820 | |||||
Cost of goods sold | 46,200 | 307,580 | |||||
Selling and administrative expenses | 14,500 | 77,000 | |||||
Interest expense | 660 | 2,000 | |||||
Other income (expense) | (85 | ) | (410 | ) | |||
Income tax expense | 1,400 | 7,100 | |||||
Net income | $ 2,675 | $ 16,730 | |||||
Balance Sheet Data (End of Year) | |||||||
Current assets | $16,000 | $49,140 | |||||
Noncurrent assets | 26,100 | 123,000 | |||||
Total assets | $42,100 | $172,140 | |||||
Current liabilities | $10,000 | $54,000 | |||||
Long-term debt | 17,100 | 45,000 | |||||
Total stockholders equity | 15,000 | 73,140 | |||||
Total liabilities and stockholders equity | $42,100 | $172,140 | |||||
Beginning-of-Year Balances | |||||||
Total assets | $43,000 | $164,000 | |||||
Total stockholders equity | 13,900 | 65,000 | |||||
Current liabilities | 10,900 | 57,000 | |||||
Total liabilities | 29,100 | 99,000 | |||||
Other Data | |||||||
Average net accounts receivable | $7,800 | $4,100 | |||||
Average inventory | 7,000 | 33,800 | |||||
Net cash provided by operating activities | 5,600 | 27,400 | |||||
Capital expenditures | 1,800 | 12,500 | |||||
Dividends | 470 | 3,700 |
(a) For each company, compute the following ratios. (Round current ratio to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.)
Ratio Target Walmart (1) Current ratio .1 :1 1 ) (2) Accounts receivable turnover times times (3) ( Average collection period days days (4) Inventory turnover times times (5 (5) Days in inventory days days (6) Profit margin %6 (7) Asset turnover times times (8) Return on assets %6 6 (9) Return on common stockholders' equity % 6 (10) Debt to assets ratio % OX (11) Times interest earned times times (12) Free cash flow $ $ $
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