Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Non-current assets Current assets Total assets Total equity Non-current liabilities Current liabilities Total equity and liabilities Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year $72,596 $476,294 51,160 358,069 16,816 91,353 1,126 2,335 (391) (410) 1.132 8.105 $ 1.971 $ 16,022 Statement of Financial Position Data (End of Year) $32.980 $143.566 11.573 61.185 $44,553 $204,751 516,231 $ 81,339 15,545 54,067 Y 12.777 69.345 $44,553 $204.751 Beginning-of-Year Balances $48,163 $203,105 16,558 81,738 14,031 71,818 131,287 Total assets Total equity Current liabilities Total liabilities 31,605 Other Data $2,921 $ 6,723 Average net accounts receivable Average inventory Net cash provided by operating activities 8335 6,520 44,331 23.257 Requirement: (a) For each company, compute the following ratios: 1. Current ratio. 2. Accounts receivable turnover. (in times and days) 3. Inventory turnover. (in times and days) 4. Profit margin. 5. Asset turnover. 6. Return on assets. 7. Return on ordinary shareholders' equity. 8. Debt to assets ratio. 9. Times interest earned. I (b) Compare the liquidity, profitability, and solvency of the two companies