Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Wal-Mart Target Corporation Stores, Inc. Income Statement Data for Year $65,900 $411,000 46,000 307,000 14,500 77,000 660 2,000 (85) (410) 1,400 7,100 $3,255 $ 17,490 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) $16,000 $49,000 26,100 123,000 $42,100 $172,000 $10,000 $54,000 17,100 45,000 15,000 73,000 $42,100 $172,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $164,000 13,900 65,000 10,900 57,000 29,100 99,000 Other Data $7,800 7,000 $4,100 33,800 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,600 27,400 1,800 12,500 3,700 470 Average net accounts receivable $7,800 $4,100 Average inventory 7,000 33,800 Net cash provided by operating 5,600 27,400 activities Capital expenditures 1,800 12,500 Dividends 470 3,700 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Ratio Target Wal-Mart (1) Current ratio 1.6 .91 :1 :1 (2) Accounts receivable turnover 8.45 times 100.24 times Average collection period 43.20 days 3.64 days 3) (4) Inventory turnover 6.57 times 9.08 times (5) Days in inventory 55.56 days 40.20 days Profit margin % 4.94 4.26 % Asset turnover 1.57 times 2.39 times () (8) Return on assets 7.73 % 10.17 % (9) Return on common stockholders' equity 21.70 % 23.96 % (10) Debt to assets ratio 64.37 % 57.56 % (11) Times interest earned 8.05 times 13.30 times (12) Free cash flow 3330 11200 Click if you would like to show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 1 of 3 used