*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 Stores Corporation Inc. Income Statement Data for Year $66,800 $413,000 46,000 308,000 14,400 77,000 680 1,800 (90) (380) 1,400 6,900 $ 4,230 $ 18,920 Current assets Noncurrent assets Balance Sheet Data (End of Year) $18,000 $47,000 27,500 121,000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $45,500 $168,000 Total assets Total stockholders' equity Current liabilities Beginning-of-Year Balances $43,000 $162,000 13,500 64,000 10,500 54,000 29,500 98,000 Total liabilities Other Data $7,700 6,800 $3,800 34,200 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,600 25,600 1,800 450 12,100 4,300 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Ratio Wal-Mart (1) Current ratio :1 :1 Target 1.64 8.68 42,05 6.91 108.68 (2) Accounts receivable turnover times times Average collection period days days 3.36 (4) Inventory turnover times times 6.76 9.01 (5) Days in inventory days 41 days (6) Profit margin % % 4.58 (7) Asset turnover times times 54 6.33 1.47 9.30 21.36 (8) Return on assets % % 2.46 11.26 21.20 60.12 (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % 70.11 9.30 (11) Times interest earned times times 15.34 9 200 (12) Free cash flow 3350 $ Question Attempts: 0 of 3 used