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 (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $65,000 $400,000 Cost of goods sold 43,550 280,000 Selling and administrative expenses 16,900 80,000 Interest expense 650 2,800 Other income 20 4,100 Income taxes Net income 1,372 14,455 $2,548 $26,845 Target Wal-Mart Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets $19,780 $ 42,000 31,000 118,000 $50,780 $160,000 Current liabilities $11,500 $60,000 Long-term liabilities 26,585 40,800 Total stockholders' equity 12,695 59,200 Total liabilities and stockholders' equity $50,780 $160,000 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted-average common shares outstanding (millions) $4,400 $23,800 $3,900 $11,600 $450 $3,500 520 3,500 Long-term liabilities 26,585 40,800 Total stockholders' equity 12,695 59,200 Total liabilities and stockholders' equity $50,780 $160,000 Net cash provided by operating activities $4,400 $23,800 Cash paid for capital expenditures $3,900 $11,600 Dividends declared and paid on common stock $450 $3,500 Weighted-average common shares outstanding (millions) 520 3,500 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, 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 (a) Working capital $ (b) Current ratio (c) Debt to assets ratio (d) Free cash flow $ (e) Earnings per share $ (f) Which company has better liquidity? Which company has better solvency? 7898 1.53 :1 % $ $ $ Wal-Mart 5720 0.85 :1 %