Selected financial data of Target (USA) and Wal-Mart Stores, Inc. (USA) for a recent year are presented below On millions) Target Corporation Wal-Mart Stores, Inc. E BEE Income Statement Data for Year Net sales $72.596 $476.294 51.160 Us 358,069 16.816 91.353 Cost of goods sold Selling and administrative expenses Interest expense Other income expense) Income tax expense 1.126 2.335 (391) (410) 1.132 8.105 Net income $1.971 $16.022 Statement of Financial Position Data (End of Year) Non-current assets $32.980 $143,566 OS 12 3 Statement of Financial Position Data (End of Year) Non-current assets $32.980 $143,566 BEER Current assets 11573 61.185 Total assets $44,553 $204.751 Total equity $16.231 $81,339 15.545 54,067 Non-current liabilities Current liabilities 12.777 69.345 Total equity and liabilities $44.553 $204.751 Beginning of Year Balances $48,163 S203.105 Total assets Total equity 16.558 81.738 Current liabilities 14.031 71 818 Totallist 11605 1217 DIE QULUI 2 UIS 27.27/30 IT Beginning-of-Year Balances Total assets $48,163 $203,105 Total equity 16,558 81.738 BEE Current liabilities 14,031 71.818 Total liabilities 31.605 131.287 Other Data Average net accounts receivable $2.921 $ 6,723 8.335 44,331 Average inventory Net cash provided by operating activities 6.520 23.257 (a) For each company, compute the following ratios. (Round all answers to 1 decimal place, es 1.6 or 1.6%) Target Wal-Mart Ratio 30 11 = (a) For each company, compute the following ratios. (Round all answers to 1 decimal place, e 1.6 or 1.6%) Ratio Target Wal-Mart BEEK (1) Current ratio 0.90576 0.88232 :1 (2) Accounts receivable turnover 24853 70.845 (3) 3 Average collection period 14.686 5.15209 (4) Inventory turnover 6.137 8.0771 (5) Days in inventory 59475 45.189 (6) Profit margin 271 % 3.363 % 98 (71 Asset turnover 1.565 2.3335 B (B) 4.25 7.85 Return on assets % % (3) Average collection period 14686 5. 15209 (4) Inventory turnover (4) 5 6.137 8.0771 (5) Days in inventory 59.475 45189 (6) Profit margin 2.71 % 3.363 (7) Asset turnover 1.565 2.3355 (8) Return on assets 4.25 % 7.85 % 8 9 (9) Return on ordinary shareholders' equity 12.022 % 19.6496 % (10) Debt to total assets 63.5 % 60274 % (11) Times interest earned 4.10302 11.50880 Attempts: 3 of 3 used