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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 Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $ 64,000 $401.000 Net sales 44.800 280.700 16,000 100,250 Cost of goods sold Selling and administrative expenses Interest expense Other income 640 4,010 20 4.500 Income taxes 903 7.189 Net income $1,677 $ 13,351 Target Wal-Mart Balance Sheet Data (End of Year) $ 14,440 $ 48,140 Current assets Noncurrent assets 34,000 127,000 Total assets $ 48,440 $ 175,140 Current liabilities $ 9,500 $ 58,000 26,830 47.084 Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity 12.110 70.056 $ 48,440 $ 175,140 $5.100 $23.400 $ 3,800 $ 11,400 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted average common shares outstanding (millions) $ 450 $3,400 780 3.950 For each company.compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per share to 2 deci 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 nu eg.-15,000 or in parentheses es (15,000).) Target Wal-Mart (a) Working capital $ 5720 $ 5720 (b) Current ratio -1 (c) Debt to assets ratio (d) Free cash flow $ $ le) Earnings per share $ $ (F) Which company has better liquidity? Target Which company has better solvency? Wal-Mart
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