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Hi, can you finish computing the ratios? Thank you Problem 14-5A Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year
Hi, can you finish computing the ratios? Thank you
Problem 14-5A Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year $374,526 Net sales $61,471 Cost of goods sold 41,895 286,515 16,200 Selling and administrative expenses 70,847 Interest expense 647 1,798 Other income (expense) 1,896 4,273 1,776 Income tax expense 6,908 2,849 $12,731 Net income Balance Sheet Data (End of Year) $ 47,585 Current assets $18,906 Noncurrent assets 25,654 115,929 Total assets $44,560 $163,514 Current liabilities $11,782 58,454 Long-term debt 17,471 40,452 Total stockholders' equity 15,307 64,608 $44,560 $163,514 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $37,349 $151,587 Total stockholders' equity 15,633 61,573 Current liabilities 11,117 52,148 Total liabilities 21,716 90,014 Other Data 3,247 Average net accounts receivable 7,124 Average inventory 6,517 34,433 Net cash provided by operating activities 4,125 20,354 For each company, compute the following ratios. (Use 365 days for calculation. Round all answers to 1 decimal place, e.g. 1.6, or 1.6%.) Ratio Target Wal-Mart (1) Current ratio 17:1 :: (2) Accounts receivable turnover 8.6 times 115.4 times (3) Average collection period 42.4 days 3.2 days (4) Inventory turnover 8.3 times 6.4 times (5) Days in inventory 57 days 43.97 days (6) Profit margin % (7) Asset turnover times times (8) Return on assets % % (9) Return on common stockholders' equity % % (10) Debt to assets ratio 0/ (11) Times interest earned times timesStep by Step Solution
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