QUESTION 4 10 marks Selected financial data of Target Corporation and Wal-Mart Stores, Inc. for a recent year are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $61,471 $374,526 41,895 286,515 16,200 70,847 647 1,798 1,896 4,273 1.776 6,908 $ 2,849 $ 12,731 Current assets Noncurrent assets Total assets Current liabilities Long-term Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,906 $ 47,585 25,654 115,929 $44,560 $ 163,514 $11,782 $ 58,454 40,45 15.307 64.608 $44,560 $163,514 Introduction to Financial Accounting ACT 101/1123, Final Assessment, Summer 2021 Page 4 of 5 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 $ 7,124 $ 3,247 6,517 34,433 4,125 20,354 Average net accounts receivable Average inventory Net cash provided by operating activities a) Instructions (a) For each company, compute the following ratios. (1) Current ratio (2) Quick ratio (3) Profit Margin (4) Return on assets. (5) Debt to assets ratio (b) Compare the liquidity, profitability, and solvency of the two companies