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For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Problem 13-5A Your answer is partially correct.
For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)
Problem 13-5A Your answer is partially correct. Try again Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $66,400 45,000 15,500 650 $414,000 302,000 81,000 1,900 (80) (400) 1,400 $3,770 7,300 21,400 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity $17,000 26,700 $43,700 $11,000 16,800 15,900 $43,700 $47,000 120,000 $167,000 $56,000 45,000 66,000 $167,000 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $45,000 13,300 10,500 31,700 $164,000 64,000 58,000 100,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $7,500 7,000 5,500 1,800 500 $3,900 33,600 27,400 11,800 4,500 Problem 13-5A Your answer is partially correct. Try again Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $66,400 45,000 15,500 650 $414,000 302,000 81,000 1,900 (80) (400) 1,400 $3,770 7,300 21,400 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity $17,000 26,700 $43,700 $11,000 16,800 15,900 $43,700 $47,000 120,000 $167,000 $56,000 45,000 66,000 $167,000 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $45,000 13,300 10,500 31,700 $164,000 64,000 58,000 100,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $7,500 7,000 5,500 1,800 500 $3,900 33,600 27,400 11,800 4,500Step by Step Solution
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