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Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022

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Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $79.000 $405,000 51.350 303,750 19.750 64,800 790 2,430 30 4,200 2,499 13.377 $4.641 $24.843 Net income Target Wal-Mart Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Balance Sheet Data (End of Year) $16,170 $ 41,890 30,000 123,000 $46,170 $164,890 $10,500 $59,000 21,819 39.934 13,851 65,956 $46,170 $164,890 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted average common shares outstanding (millions) $4,900 $3,500 $470 910 $24,500 $12,100 $3,500 3,380 For each company, compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, s. 78.9%. If answer is negative enter it with a negative sign preceding the number eg.-15,000 or in parentheses es. (15,000) Target Wal-Mart (a) Working capital $ 4500 $ -15600 (b) Current ratio 1.50:1 0.70 :1 (c) Debt to assets ratio 68.0 % 55.0 % (d) Free cash flow $ 780 $ 8300 (e) Earnings per share $ 4.55 $ $ 5.45 in which company has better liquidity? Target Which company has better solvency? Wal-Mart

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