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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 2017

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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 2017 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/17) (1/31/17) Income Statement Data for Year $66,300 $401,244 43,161 305,748 16,376 71,020 1,260 2,407 4,213 3,283 13,577 $ 2,240 $ 12,705 20 Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Balance Sheet Data (End of Year) $18,360 $ 45,360 31,640 155,240 $50,000 $200,600 $10,800 $ 56,700 19,000 43,600 20,200 100,300 $50,000 $200,600 Net cash provided by operating activities Cash paid for capital expenditures Dividends declared and paid on common stock Weighted-average shares outstanding (millions) $4,460 $3,450 $480 800 $23,700 $11,400 $3,550 3,850 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 $ 7,560 (11,340) (b) Current ratio 1.7 0.8 (c) Debt to assets ratio 1 (d) Free cash flow $ 530 8,750 " (e) Earnings per share $ 2.8 3.3 " (f) Which company has better liquidity? Target Which company has better solvency? Wal-Mart

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