Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $64,900 $405,000 Cost of goods sold 44,000 300,000 Selling and administrative expenses 14,000 75,000 Interest expense 650 1,800 Other income (expense) (70) (380) Income tax expense 1,300 6,500 Net income $ 4,880 $ 21,320 Balance Sheet Data (End of Year) Current assets $16,000 $45,000 Noncurrent assets 25,000 120,000 Total assets $41,000 $165,000 Current liabilities $10,000 $54,000 Long-term debt 16,800 43,000 Total stockholders' equity 14,200 68,000 Total liabilities and stockholders' equity $41,000 $165,000 Beginning-of-Year Balances Total assets $43,000 $162,000 Total stockholders' equity 12,500 64,000 Current liabilities 10,000 54,000 Total liabilities 30,500 98,000 Other Data Average net accounts receivable $7,400 $3,800 Average inventory 6,800 32,800 Net cash provided by operating activities 5,500 25,500 Capital expenditures 1,600 11,500 Dividends 450 3,500 Ratio Target Wal-Mart (1) Current ratio :1 1 :1 () (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times 5 (5) Days in inventory days days (6) Profit margin %6 36 (7) Asset turnover times times (8) Return on assets 96 96 (9) Return on common stockholders' equity % (10) Debt to assets ratio %6 (3) Average collection period days days ) (4 ) 4 Inventory turnover times times (5) Days in inventory days days 6 (6) Profit margin % % (7) Asset turnover times times (8) Return on assets 96 (9) Return on common stockholders' equity % % % % (10) Debt to assets ratio 96 (11) Times interest earned times times (12) Free cash flow $