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 $ 79,000 $ 405,000 51,350 303,750 19.750 64,800 Net sales A Cost of goods sold Selling and administrative expenses Interest expense 790 2,430 Other Income 30 4,200 Income taxes 2.499 13,377 Net Income $4,641 $ 24,843 Target Wal-Mart Balance Sheet Data (End of Year) Current asset 516,170 $41.890 Current assets $ 16,170 $ 41,890 Noncurrent assets 30,000 123,000 Total assets $ 46,170 $164,890 Current liabilities $ 10,500 $ 59,000 Long-term liabilities 21,819 39,934 Total stockholders' equity 13,851 65.956 Total liabilities and stockholders' equity $ 46,170 $164,890 $ 4,900 $ 24,500 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock $3,500 $ 12,100 $ 470 $3,500 Weighted average common shares outstanding (millions) 910 3,380 For each company, compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per share to 2 decimal places, eg. 15.25 and Debt to assets ratio to 1 decimal place, eg. 78.9%. If answer is negative enter it with a negative sign preceding the number eg.-15,000 or in parentheses eg. (15,000).) Target Wal-Mart 6441 $ $ (a) Working capital 6976 $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? Target Wal-Mart Working capital $ 6976 $ 6441 Current ratio :1 E) Debt to assets ratio % d) Free cash flow $ $ $ (e) Earnings per share $ $ (6) Which company has better liquidity? ID Which company has better solvency? e Textbook and Media Save for Later Attempts