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Please do not use handwriting. Please answer in correct decimal places as shown in red words below. I will give thumb up if all correct.
Please do not use handwriting. Please answer in correct decimal places as shown in red words below. I will give thumb up if all correct.
Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here in millions). net incomo Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $66,400 $414.000 Cost of goods sold 45,000 302.000 Selling and administrative expenses 15,500 81,000 Interest expense 650 1,900 Other Income lexpense) (80) (400) Income tax expense 1.400 7.300 Net income $3,770 $ 21,400 Balance Sheet Data (End of Year) Current assets $17,000 $47,000 Noncurrent assets 26,700 120,000 Total assets $43.700 $167.000 Current liabilities $11,000 $56.000 Long-term debt 16,800 45,000 15,900 66,000 Total stockholders' cquity Total liabilities and stockholders'equity $43,700 $167.000 Beginning-of-Year Balances Total assets $45,000 $164,000 Total stockholders' equity 13,300 64,000 Current liabilities 10,500 58,000 Total liabilities 31.700 100.000 Other Data Average net accounts receivable $7.500 $3.900 Average inventory 7,000 33,600 5,500 27,400 Net cash provided by operating activities Capital expenditures 1.800 11.800 Dividends 500 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, e.g. 18 or 1.83%) For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg, 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 1.62 :1 0.81 :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover 6.43 times 8.99 Limes (5) Days in inventory 56.77 days 40.60 days (6) Profit margin (7) Asset turnover times times (8) Return on assets % % (9) Return on common stockholders' equity %6 (10) Debt to assets ratio % (11) Times interest earned times times (12) Free cash flow $ $Step by Step Solution
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