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Refer to the following: Target Corporation in Appendix B, Walmart Incorporated in Appendix C, and the Industry Ratio Report in Appendix D.] Required: 1. Compute

image text in transcribed Refer to the following: Target Corporation in Appendix B, Walmart Incorporated in Appendix C, and the Industry Ratio Report in Appendix D.] Required: 1. Compute the total asset turnover ratio on total operating revenues for both companies. 2. Compared to each other, is the management of these two companies more or less effective at utilizing assets to generate sales? 3. How does each company's management compare to the industry regarding the total asset turnover ratio? 4. If both companies failed to record the adjusting entry for depreciation expense for the most recent year, what impact will that havi on the total asset turnover ratio? 5-a. For each company, calculate the percentage change from fiscal year ended in 2020 to the fiscal year ended in 2021 for each of the following accounts, rounded to two decimal places. 5-b.Which company's management was more effective at controlling costs between fiscal years ended 2020 and 2021 ? Complete this question by entering your answers in the tabs below. For each company, calculate the percentage change from fiscal year ended in 2020 to the fiscal year ended in 2021 for each of the following accounts, rounded to two decimal places. Note: Round your answers to two decimal places. Refer to the following: Target Corporation in Appendix B, Walmart Incorporated in Appendix C, and the Industry Ratio Report in Appendix D.] Required: 1. Compute the total asset turnover ratio on total operating revenues for both companies. 2. Compared to each other, is the management of these two companies more or less effective at utilizing assets to generate sales? 3. How does each company's management compare to the industry regarding the total asset turnover ratio? 4. If both companies failed to record the adjusting entry for depreciation expense for the most recent year, what impact will that havi on the total asset turnover ratio? 5-a. For each company, calculate the percentage change from fiscal year ended in 2020 to the fiscal year ended in 2021 for each of the following accounts, rounded to two decimal places. 5-b.Which company's management was more effective at controlling costs between fiscal years ended 2020 and 2021 ? Complete this question by entering your answers in the tabs below. For each company, calculate the percentage change from fiscal year ended in 2020 to the fiscal year ended in 2021 for each of the following accounts, rounded to two decimal places. Note: Round your answers to two decimal places

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