Question 1 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 solod 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