Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the ratios for Walmart Corporation and Target Corporation for 2022 begin{tabular}{|c|c|c|c|c|c|c|c|} hline multirow{3}{*}{ Ratios } & multicolumn{6}{|c|}{ Ratio Analysis } & multirow{3}{*}{begin{tabular}{l} Analysis: describe

image text in transcribed

Find the ratios for Walmart Corporation and Target Corporation for 2022

\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{ Ratios } & \multicolumn{6}{|c|}{ Ratio Analysis } & \multirow{3}{*}{\begin{tabular}{l} Analysis: describe why this may be relevant to the audit and potentially what type \\ of procedures should you consider including \end{tabular}} \\ \hline & \multicolumn{3}{|c|}{ Target Company } & \multicolumn{3}{|c|}{ Industry data or Competitor } & \\ \hline & 2022 & 2021 & 2020 & 2022 & 2021 & 2020 & \\ \hline \\ \hline \multicolumn{8}{|l|}{ Quick Ratio } \\ \hline \multicolumn{8}{|l|}{ Operating Cash Flow Ratio } \\ \hline \multicolumn{8}{|l|}{ Receivable Turnover } \\ \hline \multicolumn{8}{|l|}{\begin{tabular}{l} Days Outstanding in \\ Accounts Receivable \end{tabular}} \\ \hline \multicolumn{8}{|l|}{ Inventory Turnover } \\ \hline \multicolumn{8}{|l|}{ Days of Inventory on Hand } \\ \hline \multicolumn{8}{|l|}{ Gross Profit Margin } \\ \hline \multicolumn{8}{|l|}{ Profit Margin } \\ \hline \multicolumn{8}{|l|}{ Return on Assets } \\ \hline \multicolumn{8}{|l|}{ Return on Equity } \\ \hline \multicolumn{8}{|l|}{ Debt to Equity } \\ \hline Time Interest Earned Ratio & & & & & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{3}{*}{ Ratios } & \multicolumn{6}{|c|}{ Ratio Analysis } & \multirow{3}{*}{\begin{tabular}{l} Analysis: describe why this may be relevant to the audit and potentially what type \\ of procedures should you consider including \end{tabular}} \\ \hline & \multicolumn{3}{|c|}{ Target Company } & \multicolumn{3}{|c|}{ Industry data or Competitor } & \\ \hline & 2022 & 2021 & 2020 & 2022 & 2021 & 2020 & \\ \hline \\ \hline \multicolumn{8}{|l|}{ Quick Ratio } \\ \hline \multicolumn{8}{|l|}{ Operating Cash Flow Ratio } \\ \hline \multicolumn{8}{|l|}{ Receivable Turnover } \\ \hline \multicolumn{8}{|l|}{\begin{tabular}{l} Days Outstanding in \\ Accounts Receivable \end{tabular}} \\ \hline \multicolumn{8}{|l|}{ Inventory Turnover } \\ \hline \multicolumn{8}{|l|}{ Days of Inventory on Hand } \\ \hline \multicolumn{8}{|l|}{ Gross Profit Margin } \\ \hline \multicolumn{8}{|l|}{ Profit Margin } \\ \hline \multicolumn{8}{|l|}{ Return on Assets } \\ \hline \multicolumn{8}{|l|}{ Return on Equity } \\ \hline \multicolumn{8}{|l|}{ Debt to Equity } \\ \hline Time Interest Earned Ratio & & & & & & & \\ \hline \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Core Concepts Of Accounting

Authors: Robert N. Anthony, Leslie Pearlman Breitner

8th Edition

0130406716, 9780130406712

More Books

Students also viewed these Accounting questions

Question

What function is used to calculate a loan payment?

Answered: 1 week ago

Question

define job satisfaction and job performance;

Answered: 1 week ago