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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,

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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 $66,700 $409,000 46,000 306,000 14,700 76,000 650 1.800 (95) (420) 1,400 7,200 $ 3,855 $ 17,580 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity ' Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $19.000 $48,000 25,600 120.000 $44,600 $168,000 $10.000 $55,000 18,200 44,000 16,400 69,000 $44,600 $168,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43.000 $162,000 13.500 66,000 10,500 55,000 29.500 96,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7,800 $3,900 7,000 33,700 5,600 26,800 1,800 12,400 460 4,500 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, eg. 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%) Ratio Target Wal-Mart (1) Current ratio :1 :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin % (7) Asset turnover times times (8) Return on assets % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % (11) Times interest earned times times (12) Free cash flow $ $

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