Problem 13-5A
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Suppose selected financial data ofTargetandWal-Martfor 2017 are presented here (in millions).
Target Corporation Stores, Inc. Income Statement Data for Year Net sales $65,900 $411,000 Cost of goods sold 46,000 307,000 Selling and administrative expenses 14,500 77,000 Interest expense 660 2,000 Other income (expense) (85 ) (410 ) Income tax expense 1,400 7,100 Net income $ 3,255 $ 17,4909781119191674 X Student | Student | MyPark X WileyPLUS X Problem 13-5a.docx : ACC 121 X + X C A edugen.wileyplus.com/edugen/Iti/main.uni Apps Bookmarks Please Log Into My.. Course Hero Consumer Toolkit -... cti Citi@ Credit Cards -... MyECP : ECP Home.. Other bookmarks WileyPLUS Kimmel, Accounting, 6e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT Balance Sheet Data (End of Year) Current assets $16,000 $49,000 Noncurrent assets 26,100 123,000 Total assets $42,100 $172,000 Current liabilities $10,000 $54,000 Long-term debt 17,100 45,000 Total stockholders' equity 15,000 73,000 Total liabilities and stockholders' equity $42,100 $172,000 Beginning-of-Year Balances Total assets $43,000 $164,000 Total stockholders' equity 13,900 65,000 https://@ugrentiliabilities/edugen/Iti/Itiheader.uni# 10,900 57,000 9 WileyPLUS - . Unit 1: Chapt. EEE Desktop 3:11 PM 8/21/20209781119191674 X Student | Student | MyPark X WileyPLUS X Problem 13-5a.docx : ACC 121 X + X C A edugen.wileyplus.com/edugen/Iti/main.uni Apps Bookmarks Please Log Into My.. Course Hero Consumer Toolkit -... cti Citi@ Credit Cards -... MyECP : ECP Home.. Other bookmarks WileyPLUS Kimmel, Accounting, 6e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT Beginning-of-Year Balances Total assets $43,000 $164,000 Total stockholders' equity 13,900 65,000 Current liabilities 10,900 57,000 Total liabilities 29,100 99,000 Other Data Average net accounts receivable $7,800 $4,100 Average inventory 7,000 33,800 Net cash provided by operating activities 5,600 27,400 Capital expenditures 1,800 12,500 Dividends 470 3,700 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) Datio Target Wal-Mart WileyPLUS - . Unit 1: Chapt. Desktop 3:12 PM 8/21/20209781119191674 X Student | Student | MyPark X WileyPLUS X Problem 13-5a.docx : ACC 121 X + X C A edugen.wileyplus.com/edugen/Iti/main.uni Apps Bookmarks Please Log Into My... Course Hero Consumer Toolkit -... cti Citi@ Credit Cards -... MyECP : ECP Home.. Other bookmarks WileyPLUS Kimmel, Accounting, 6e Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT (5) Days in inventory 55.55 days 40.19 days (6) Profit margin 4.94 4.25 /o (7) Asset turnover 1.55 times 2.45 times X (8) Return on assets 7.65 6.88 X X (9) Return on common stockholders' equity 12.69 /a 19.98 o/o X x (10) Debt to assets ratio 64.13 60.36 /o (11) Times interest earned 8.05 times 13.29 times X X (12) Free cash flow 3800 14900 WileyPLUS - . Unit 1: Chapt. Desktop 3:12 PM 8/21/2020
