Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling
Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 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 Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 5408,214 45,583 304,657 15.101 79,607 707 2,065 (94) (411) 1.384 7.139 $ 2.488 $ 14,335 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18.424 $48,331 26.109 122,375 $44,533 $170,706 $11,327 $55,561 17.859 44,089 15,347 71,056 $44,533 $170,706 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $44,106 $163,429 13,712 65,682 10,512 55,390 30,394 97,747 Other Data 57,525 $4,025 6,942 33,836 26,249 1.729 12.184 496 4.217 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,881 (a) For each company, compute the following ratios. (Enter free cash flow in millions. Round Current ratio to place, e.g. 1.6, or 1.6%. Use 365 days for calculation.) Ratio Target Wal-Mart times times (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory days times days times days days (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow times times million million
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started