Problem 2-7A Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2017 financial statements of each company. Target (1/31/17) Wal-Mart (1/31/17) Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income $63,000 41,517 15,435 1,134 29 1,849 $ 3,094 $401,244 297,723 71,421 2,006 4,213 11,931 $22,376