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Problem 14-5A Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year are presented here (in millions) Wal-Mart Stores, Inc. Target Corporation
Problem 14-5A Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year are presented here (in millions) Wal-Mart Stores, Inc. Target Corporation Income Statement Data for Year Net sale:s Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $67,390 45,725 13,469 757 (2,944) 1,575 $ 2,920 $405,046 304,657 79,607 1,884 2,576 7,139 $ 14,335 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 $17,213 26,492 $43,705 $10,070 18,148 15,487 $43,705 $ 48,331 122,375 $170,706 $55,561 44,396 70,749 $170,706 Beginning-of-Year Balances $44,533 15,347 Total assets $163,429 65,285 Total stockholders' equity
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