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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. Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $60,000 $404,000 Net sales Cost of goods sold 39,000 282,800 Selling and administrative expenses 14,400 68,680 Interest expense 600 2,020 Other income 20 4,000 Income taxes 2,107 19,075 Net income $ 3,913 $ 35,425 Target Wal-Mart Balance Sheet Data (End of Year) $13,500 $36,400 24,000 110,000 Current assets $146,400 $ 52,000 Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity $37,500 $9,000 16,500 12,000 28.520 65,880 $37,500 $146,400 $23,000 $4,400 $3,200 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted average common shares outstanding (millions) $11,300 $3,400 $420 860 6,500 For each company, compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per shar 15.25 and neht to 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. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).) Target Wal-Mart (a) Working capital $ $ 1 :1 (b) Current ratio (c) Debt to assets ratio % % $ $ (d) Free cash flow (e) Earnings per share $ $ In Which company has better liquidity? Which company has better solvency

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