* Problem 13-05A Your answer is partially correct. Try again. 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 $67,000 $410,000 44,000 302,000 14,300 81,000 700 2,000 (85) (390) 1,400 7,000 $ 6,515 $ 17,610 Current assets Noncurrent assets Balance Sheet Data (End of Year) $17,000 $49,000 27,500 122,000 $44,500 $171,000 Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $10,000 18,200 16,300 $44,500 $55,000 44,000 72,000 $171,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $164,000 13,200 64,000 10,300 56,000 29,800 100,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7,400 $3,800 6,900 33,000 6,000 27,300 1,800 11,700 520 3,900 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 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Target Wal-Mart (1) Ratio Current ratio Accounts receivable turnover 11.70) :1 10.891 : 1 (2) 19.1 times 107. times (3) Average collection period 8 days days (4) Inventory turnover times 4 times 56.4 days Days in inventory days (6) Profit margin % (7) Asset turnover UUEEEEEEEEE times JUUSOO Solo times (8) Return on assets Return on common stockholders' equity (9) (10) Debt to assets ratio 0.63 0.58 (11) Times interest earned 6.3 times 14.3 times (12) Free cash flow +13680) 1700)