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Problem 13-5A Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Wal-Mart Target Inc. Income Statement Data for Year
Problem 13-5A Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Wal-Mart Target Inc. Income Statement Data for Year $406,000 305,000 78,000 2,000 Net sales Cost of goods Selling and $66,800 45,000 administrative 14,400 Interest expense Other income (expense) Income tax (75) (420) 1,300 6,900 Net income S 5,335 13,680 Balance Sheet Data (End of Year) $48,000 121,000 $169,000 $55,000 44,000 Current assets $19,000 27,300 $46,300 $12,000 17,500 assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 16,800 70,000 $46,300 $169,000 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $45,000 $164,000 66,000 57,000 13,800 10,800 31,200 98,000
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