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Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for

Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions).

Target Corporation
Wal-Mart Stores, Inc.
Income Statement Data for Year
Net sales $61,471 $374,526
Cost of goods sold 41,895 286,515
Selling and administrative expenses 16,200 70,847
Interest expense 647 1,798
Other income (expense) 1,896 4,273
Income tax expense 1,776 6,908
Net income $ 2,849 $ 12,731
Balance Sheet Data (End of Year)
Current assets $18,906 $ 47,585
Noncurrent assets 25,654 115,929
Total assets $44,560 $163,514
Current liabilities $11,782 $ 58,454
Long-term debt 17,471 40,452
Total stockholders%u2019 equity 15,307 64,608
Total liabilities and stockholders%u2019 equity $44,560 $163,514
Beginning-of-Year Balances
Total assets $37,349 $151,587
Total stockholders%u2019 equity 15,633 61,573
Current liabilities 11,117 52,148
Total liabilities 21,716 90,014
Other Data
Average net receivables $ 7,124 $ 3,247
Average inventory 6,517 34,433
Net cash provided by operating activities 4,125 20,354

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