Selected financial data of Target Corporation and Wal-Mart Stores, Inc. 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' equity	15,307	64,608
Total liabilities and stockholders' equity	$44,560	$163,514

	Target Corporation	Wal-Mart Stores, Inc.
	Beginning-of-Year Balances
Total assets	$37,349	$151,587
Total stockholders' equity	15,633	61,573
Current liabilities	11,117	52,148
Total liabilities	21,716	90,014

	Other Data
Average net accounts receivable	$7,124	$3,247
Average inventory	6,517	34,433
Net cash provided by operating activities	4,125	20,354

Instructions

For each company, compute the following ratios.

(1) Current ratio.

(2) Accounts receivable turnover.

(3) Average collection period.

(4) Inventory turnover.

(5) Days in inventory.

(6) Profit margin.

(7) Asset turnover.

(8) Return on assets.

(9) Return on common stockholders' equity.

(10) Debt to assets ratio.

(11) Times interest earned.

Compare the liquidity, profitability, and solvency of the two companies.