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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

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 $72,000 $415,000

Cost of goods sold 46,800 311,250

Selling and administrative expenses 18,000 53,950

Interest expense 720 3,320

Other income 20 4,400

Income taxes 2,275 17,808

Net income $ 4,225 $33,072

Target Wal-Mart

Balance Sheet Data (End of Year)

Current assets $17,250 $ 47,300

Noncurrent assets 29,000 121,000

Total assets $46,250 $168,300

Current liabilities $11,500 $ 55,000

Long-term liabilities 22,725 45,980

Total stockholders' equity 12,025 67,320

Total liabilities and stockholders' equity $46,250 $168,300

Net cash from operating activities $4,600 $23,300

Cash paid for capital expenditures $3300 $12,200

Dividends declared and paid on common stock $550 $3,400

Average shares outstanding (millions) 650 3,900

For each company, compute these values and ratios. (All Dollars Are in Millions) (Round Current ratioand Earnings per shareto 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 Wal-Mart

(a) Working capital $ $

(b) Current ratio :1 :1

(c) Debt to assets ratio % %

(d) Free cash flow $ $

(e) Earnings per share $ $

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