Problem 13-05A Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in mill 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 $66,500 $407,000 44,000 310,000 15,100 79,000 730 1,900 (80) (380) 1,300 6,700 $ 5,290 $ 9,020 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 $50,000 25,500 123,000 $44,500 $173,000 $10,000 $56,000 17,200 44,000 17,300 73,000 $44,500 $173,000 CALCULATOR Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $44,000 $165,000 14,500 64,000 10,600 5 8,000 29,500 101,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $8,000 $4,200 6,900 34,300 5,800 26,300 1,600 11,700 490 4,400 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to all answers to 1 decimal place, e.g. 1.8 or 1.83%) Ratio Target Wal-Mart (1) Current ratio (2) Accounts receivable turnover times times (3) Average collection period days days Inventory turnover times times (4) (5) Days in inventory days days