Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year $67,200

image text in transcribedimage text in transcribed

Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year $67,200 $405.900 306,000 Net sales 44,730 14,400 78,000 690 2,000 Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income (75) (420) 1.300 6,900 $6,005 $ 12,580 Balance Sheet Data (End of Year) $18,960 $47,850 27.300 121,000 $46,260 $168,850 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $12,000 $55,000 17,500 44,000 16,760 69,850 $46,260 $168,850 Total assets Total stockholders' equity Current liabilities Beginning-of-Year Balances $45,000 $164,000 13,800 66,000 10.800 57,000 Total liabilities 31,200 98,000 Other Data $8,000 $4,100 7.100 34,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures 6,000 25,800 1.800 11,500 Dividends 450 3,700 (a) For each company, compute the following ratios. (Round current ratio to 2 decimal places, eg 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.) Ratio Target Walmart ( (1) Current ratio :1 :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin % % (7) Asset turnover times times (8) Return on assets % % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % (11) Times interest earned times times (12) Free cash flow $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions