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Problem 14-5A Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions). Target Corporation Income Statement Data for Year
Problem 14-5A Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions). Target Corporation Income Statement Data for Year Wal-Mart Stores, Inc. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $61,471 41,895 16,200 647 1,896 ,776 $2,849 $374,526 286,515 70,847 1,798 4,273 6,908 12,731 Balance Sheet Data (End of Year Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $18,906 25,654 $44,560 $11,782 17,471 15,307 $44,560 $47,585 115,929 $163,51
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