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Problem 18-5A Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement
Problem 18-5A Selected financial data of Target and Wal-Mart 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 $ 2,849 $374,526 286,515 70,847 1,798 4,273 6,908 $ 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 Total assets Total stockholders' equity Current liabilities Total liabilities $37,349 15,633 11,117 21,716 $151,587 61,573 52,148 90,014 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities 7,124 6,517 4,125 $ 3,247 34,433 20,354 For each company, compute the following ratios. (Round all answers to 1 decimal place, e.g. 1.6, or 1.6% .) Ratio Target Wal-Mart (1) Current (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets (9) Return on common stockholders' equity (10) Debt to total assets o% (11) Times interest earned
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