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Problem 18-5A Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions). Wal-Mart Target Corporation Stores, Inc. nt Data

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Problem 18-5A Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions). Wal-Mart Target Corporation Stores, Inc. nt Data fo ncome $61,471 $374,526 Net sal 286,515 Cost of goods sold 41,895 Selling and administrative expenses 70,847 16,200 Interest expense 647 1,798 other income (expense) 4,273 1,896 1,776 6,908 Income tax expense 12,731 2,849 Net income alance Shee Data of Year $18,906 Current assets 47,585 25,654 115,929 Noncurrent assets $44,560 $163,514 Total assets 58,454 Current liabilities $11,782 Long-term debt 17,471 40,452 64,608 15,307 Total stockholders' equity Total liabilities and stockholders' equity $44,560 $163,514 Beginning of Year Balance $37,349 Total assets $151,587 61,573 15,633 Total stockholders' equity Current liabilities 11,117 52,148 90,014 Total liabilities 21,716 Other Data 7,124 3,247 Average net accounts receivable 34,433 Average inventory 6,517 Net cash provided by operating activities 4,125 20,354

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