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 $65,600 $410,000 308,000 Cost of goods sold 44,000 14,600 75,000 690 2,100 Selling and administrative expenses Interest expense Other income (expense) Income tax expense (90) (420) 1,400 7.300 Net income $4,820 $ 17,180 Balance Sheet Data (End of Year) Current assets $17,000 $48.000 Noncurrent assets 26,700 120,000 Total assets $43,700 $168,000 $56,000 Current liabilities $11,000 Long-term debt 17,000 45,000 Total stockholders' equity 15,700 67,000 Total liabilities and stockholders' equity $43,700 $168,000 Beginning of-Year Balances Total assets $45,000 $165,000 Total stockholders' equity 13,600 66,000 Current liabilities 10,000 58,000 Total liabilities 31,400 99,000 Other Data $7,800 $4,000 Average net accounts receivable Average inventory 6.900 34,500 5,700 26,900 Net cash provided by operating activities Capital expenditures Dividends 1,800 12,400 450 3,600 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places. e... 5.275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Ratio Target Wal-Mart (1) Current ratio :1 :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) days days 16) Days in inventory Profit margin Asset turnover % % (7) times times (8) Return on assets % % % %. Return on common 19) stockholders' equity (10) Debt to assets ratio % times times (11) Times interest earned (12) Free cash flow $ A eTextbook and Media Save for Later Attempts: 0 of 5 used Submit