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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 (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $61,000 $420,000 Cost of goods sold 40,870 319,200 Selling and administrative expenses 15,250 67,200 Interest expense 610 2.520 Other income 30 3.900 Income taxes 1,505 12,243 Net income $ 2,795 $ 22,737 Target Wal-Mart Balance Sheet Data (End of Year) Current assets $14,040 $ 40,810 Noncurrent assets 27,000 129,000 Total assets $41,040 $169,810 Current liabilities $9.000 $ 53,000 Long-term liabilities 21,780 48,886 Total stockholders' equity 10,260 67.924 Total liabilities and stockholders' equity $41,040 $169,810 Net cash provided by operating activities $4,600 $24.200 Cash paid for capital expenditures $3,700 $11,300 Dividends declared and paid on common stock $540 $3,500 Weighted average common shares outstanding (millions) 650 3.900 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 Wal-Mart (a) Working capital $ (b) Current ratio :1 :1 (c) Debt to assets ratio % % (d) Free cash flow $ $ (e) Earnings per share $ $ (f) Which company has better liquidity? Which company has better solvency

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