Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem 13-05A Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold Selling and

image text in transcribed
image text in transcribed
Problem 13-05A Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). 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 $65,600 $418,000 45,000 310,000 14,300 7 5,000 720 2,200 (90) (380) 1,4006 ,900 $ 4,090 $ 23,520 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) $18,000 $47,000 26,100 121,000 $44,100 5 168,000 $10,000 $55,000 18,300 4 3,000 15,800 70,000 $44,100 $168,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $44,000 $165,000 13,200 66,000 10,800 54.000 30,800 99,000 Other Data Average net accounts receivable Average Inventory Net cash provided by operating activities Capital expenditures Dividends $7.900 7.100 5,700 1,500 $4,100 34,100 25,900 11.500 4,200 for each company, compute the following ratios. (Hound current ratio answers to 2 decimal places, e.g. 15.50, debt to a 520 De For each company, compute the following ratios. (Round current ratio answers to 2 decimal places... 15.50, debt to assets ratio and free cash flow answers to Ratio Target Wal-Mart (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover . (5) Days in Inventory days (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow Click if you would like to show Work for this question: On Show Work LINK TO TEXT DELL

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Bookkeeping And Accounting For Beginners

Authors: D.K. Livingston

1st Edition

1686248598, 978-1686248597

More Books

Students also viewed these Accounting questions