QUESTION 4 10 marks Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year are presented here (in millions). Introduction to Financial Accounting ACT 101/1123, Final Assessment, Spring 2021 Page 4 of 5 Target Wal-Mart Corporation 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 $374,526 286,515 70,847 1,798 4,273 6,908 2,849 $ 12,731 Balance Sheet Data (End of Year) $18,906 Current assets Noncurrent assets 25,654 $ 47,585 115,929 $ 163,514 Total assets $44,560 Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $11,782 17,471 15,307 $ 58,454 40,452 64,608 $163,514 $44,560 Total assets Total stockholders' equity Current liabilities Total liabilities Target Wal-Mart Corporation Stores, Inc. Beginning-of-Year Balances $37,349 $151,587 15,633 61,573 11,117 52,148 21,716 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 a) Instructions (a) For each company, compute the following ratios. 5/5 (1) Current ratio. (7) Asset turnover. (2) Accounts receivable turnover. (8) Return on assets. (3) Average collection period. (9) Return on common stockholders' equity. (4) Inventory turnover. (10) Debt to assets ratio. (5) Days in inventory. (11) Times interest earned. (6) Profit margin. (b) Compare the liquidity, profitability, and solvency of the two companies