Question
Problem 14-5A a Your answer is partially correct. Try again. Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions).
Problem 14-5A a Your answer is partially correct. Try again. Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79,607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $ 2,488 $ 14,335 Balance Sheet Data (End of Year) Current assets $18,424 $48,331 Noncurrent assets 26,109 122,375 Total assets $44,533 $170,706 Current liabilities $11,327 $55,561 Long-term debt 17,859 44,089 Total stockholders equity 15,347 71,056 Total liabilities and stockholders equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44,106 $163,429 Total stockholders equity 13,712 65,682 Current liabilities 10,512 55,390 Total liabilities 30,394 97,747 Other Data Average net accounts receivable $7,525 $4,025 Average inventory 6,942 33,836 Net cash provided by operating activities 5,881 26,249 Capital expenditures 1,729 12,184 Dividends 496 4,217
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