Refer to the following: Target Corporation in Appendix B,

Walmart in Appendix C, and the

Industry Ratio Report in Appendix D at the end of this book.

All dollar amounts are in millions of dollars.

Required:

1. What was each companys percentage change in total revenues between the fiscal year ending in 2020 and the fiscal year ending in 2021?
2. Compute the net profit margin ratio for both companies for the fiscal years ending:
3. Compared over time and with each other, how effective was management at generating revenues and controlling expenses from the previous year to the current year?
4. How does each company compare to the industry regarding the net profit margin ratio?
5. How is the net profit margin ratio influenced by these companies choice to take on more debt?