Problem 18-5A (Essay) Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year 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 1,776 s2,849 $374,526 286,515 70,847 1,798 4,273 6,908 s 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 $163,514 58,454 40,452 64,608 $163,514 Beginning-of-Year Balances