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Problem 13-5A Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Net sales Cost of goods sold Selling and
Problem 13-5A Suppose selected financial data of Target and Wal-Mart for 2017 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 Wal-Mart Target Corporation Stores, Inc. Income Statement Data for Year $66,400 $407,000 46,000 306,000 15,500 79,000 670 1,800 (85) (390) 1,300 7,500 $ 2,845 $ 12,310 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 $47,000 27,300 123,000 $46,300 $170,000 $11,000 $56,000 18,100 45,000 17,200 69,000 $46,300 $170,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $164,000 14,300 66,000 10,800 57,000 28,700 98,000 Other Data $7,900 6,800 $4,100 34,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,600 26,300 1,800 520 11,500 4,200 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (7) Asset turnover times times (8) Return on assets % % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % (11) Times interest earned times times (12) Free cash flow Click if you would like to Show Work for this question: Open Show Work
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