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Problem 18-05A a Your answer is partially correct. Try again. Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions)

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Problem 18-05A 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 79,607 15,101 Interest expense 707 2,065 Other income (expense) (94) (411) 7,139 Income tax expense 1,384 2,488 $14,335 Net income Balance Sheet Data (End of Year) Current assets $18,424 $48,331 26,109 122,375 Noncurrent assets $44,533 $170,706 Total assets Current liabilities $11,327 $55,561 Long-term debt 17,859 44,089 Total stockholders' equity 15,347 71,056 $44,533 $170,706 Total liabilities and stockholders' equity 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 (a) For each company, compute the following ratios. (Enter free cash flow in millions. Round Current ratio to 2 decimal places, e.g. 1.67. Round Debt to assets ratio to 0 decimal places, e.g. 18 or 18%. Round all other answers to 1 decimal place, e.g. 1.6, or 1.6%. Use 365 days for calculation.) Ratio Target Wal-Mart Current ratio (1) :1 :1 0.87 1.63 (2) Accounts receivable turnover times times 101.42 8.69 (3) Average collection period days days 42 3.60 (4) Inventory turnover times times 6.57 Days in inventory days (5) days 40.56 55.56 Profit margin (6) 3.81 3.51 (7) Asset turnover times times 1.47 2.44 (8) Return on assets % 5.61 8.58 (9) Return on common stockholders' equity % 20.97 17.12 Debt to assets ratio (10) % 0.66 0.58 (11) Times interest earned times times 6.61 11.60 (12) million million Free cash flow

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