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P13-5A Sup here (in millions). e slected financial data of Target and Wal-Mart for 2017 are presented Compute selecered vatios, and compare liquidity, profitability and

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P13-5A Sup here (in millions). e slected financial data of Target and Wal-Mart for 2017 are presented Compute selecered vatios, and compare liquidity, profitability and solvency for two companies. Wal-Mart (LO 3),A Target Corporation Stores, Inc. Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,357 45,583 15,101 707 $408,214 304,657 79,607 2,065 (411) 7,139 $ 14,335 $ 2,488 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) 48,331 122,375 $18,424 26,109 $44,533 $11,327 $170,706 $ 55,561 44,089 71,056 17,859 15,347 $170,706 $44,533 Beginning-of-Year Balances $163,429 65,682 55,390 97,747 Total assets Total stockholders' equity Current liabilities Total liabilities $44,106 13,712 10,512 30,394 Other Data $ 4,025 33,836 7,525 6,942 5,881 1,729 496 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 12,184 4,217 Instructions (a) For each company, compute the following ratios (7) Asset turnover (1) Current ratio. (2) Accounts receivable turnover. (3) Average collection period. (4) Inventory turnover (5) Days in inventory (6) Profit margin. (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio. (11) Times interest earned. (12) Free cash flow (b) Compare the liquidity, solvency, and profitability of the two companies

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