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Selected financial data of two competitors, Target and Walmart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022
Selected financial data of two competitors, Target and Walmart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Target Walmart (1/31/22) (1/31/22) Income Statement Data for Year Net sales $64.948 $401.244 Cost of goods sold 44,157 306,158 Selling and administrative expenses 16,389 76,651 Interest expense 894 2.103 Other income 28 4213 Income taxes 1,322 7.145 Net income $2.214 $13,400 Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity arget Walmart Balance Sheet Data (End of Year) $17.488 $48.949 26,618 114,480 $44,106 $163,429 $10,512 $55,390 19.882 42,754 13.712 65,285 $44,106 $163.429 For each company.compute these values and ratios. (All dollars are in millions) (Round Current ratio to 2 decimal places, eg. 15.25 and Debt to assets ratio to 1 decimal place, eg. 78.9%. Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45)) Target Walmart (a) Working capital $ $ (b) Current ratio :1 :1 (c) Debt to assets ratio 6 96 (d) Which company has better liquidity? Which company has better solvency
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