Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need all answers step by steps clearly explained Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented
I need all answers step by steps clearly explained
Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,300 $417,000 Net sales 45,000 301,000 14,000 79,000 660 1,800 Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income (85 ) (380 ) 1,500 7,100 $ 4,055 $ 27,720 Balance Sheet Data (End of Year) $16,000 $50,000 Current assets Noncurrent assets 27,400 121,000 Total assets $43,400 $171,000 Current liabilities $11,000 $54,000 Long-term debt 17,800 43,000 14,600 74,000 Total stockholders' equity Total liabilities and stockholders' equity $43,400 $171,000 Beginning-of-Year Balances $45,000 $162,000 Total assets Total stockholders' equity Current liabilities 12,800 66,000 10,800 54,000 Total liabilities 32,200 96,000 Other Data $7,600 $3,800 Average net accounts receivable Average Inventory 7,100 33,200 5,600 27,400 Net cash provided by operating activities Capital expenditures Dividends 1,600 12,100 470 4,200 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Ratio Target Wal-Mart enter the current ratio enter the current ratio (1 ) Curren tratio :1 :1 (2 ) Accou nts receiv able turnov er enter accounts receivable turnover in times enter accounts receivable turnover in times ti me me s Averag e collect (3 ) enter average collection period in days da ys enter average collection period da in days ys ion period (4 ) Invent ory turnov enter inventory turnover in times ti me enter inventory turnover in times me er enter days in inventory ratio enter days in inventory ratio (5 ) Days in invent ory da ys da ys enter percentages enter percentages (6 ) Profit margin % ti Asset turnov er enter asset turnover in times (7 ) enter asset turnover in times me me S enter percentages enter percentages (8 ) Return on assets % Return on comm enter percentages enter percentages (9 ) on % % stockh olders' equity enter percentages enter percentages Debt to assets ratio % % 0) enter times interest earned Times interes t earned ti me enter times interest earned ti me s 1) (1 2) Free cash flow $enter a dollar amount $enter a dollar amountStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started