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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

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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 $66,700 $409,000 Cost of goods sold 46,000 306,000 Selling and administrative expenses 14,700 76,000 Interest expense 650 1,800 Other income (expense) (95) (420) Income tax expense 1,400 7,200 Net income $3,855 $ 17,580 Balance Sheet Data (End of Year) Current assets $19,000 $48,000 Noncurrent assets 25,600 120,000 Total assets $44,600 $168,000 Current liabilities $10,000 $55,000 Long-term debt 18,200 44,000 Total stockholders' equity 16,400 69,000 Total liabilities and stockholders' equity $44,600 $168,000 Beginning-of-Year Balances Total assets $43,000 $162,000 Total stockholders' equity 13,500 66,000 Current liabilities 10,500 55,000 Total liabilities 29,500 96,000 Other Data Average net accounts receivable $7,800 $3,900 Average inventory 7,000 33,700 Net cash provided by operating activities 5,600 26,800 Capital expenditures 1,800 12,400 Dividends 460 4,500 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.)

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