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Hello, can someone please help me Compute the Debts To Totals Assets Ratio for each company . Please show your work and look at the
Hello, can someone please help me Compute the Debts To Totals Assets Ratio for each company. Please show your work and look at the word document attached .
Problem 14-5A Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year 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 $67,390 $405,046 45,725 304,657 13,469 79,607 757 1,884 (2,944) 2,576 1,575 7,139 $ 2,920 $ 14,335 Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $17,213 $ 48,331 26,492 122,375 $43,705 $170,706 Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities $10,070 18,148 15,487 $43,705 $ 55,561 44,396 70,749 $170,706 Beginning-of-Year Balances $44,533 $163,429 15,347 65,285 11,327 55,390 29,186 98,144 Other Data $ 6560 7,388 5,271 $ 4,025 33,836 26,249 Assume that net sales given are the net credit sales. Compute the Debts To Totals Assets ratio for each company. (Round all answers to 1 decimal place, e.g.1.6, or 1.6 %.)Step by Step Solution
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