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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

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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 $66,900 $417,000 Cost of goods sold 44,000 308,000 Selling and administrative expenses 14,400 79,000 Interest expense 750 1,800 Other income (expense) (95) (400) Income tax expense 1,500 6,600 Net income $ 6,155 $ 21,200 Balance Sheet Data (End of Year) Current assets $17,000 $45,000 Noncurrent assets Total assets NO 8 81 120,000 $165,000 $56,000 o Current liabilities Total assets $43,800 $ 165,000 Current liabilities $10,000 $56,000 Long-term debt 17,300 44,000 Total stockholders' equity 16,500 65,000 $165,000 Total liabilities and stockholders' equity $43,800 Total assets Total stockholders' equity Beginning-of-Year Balances $43,000 $ 165,000 13,400 64,000 10,000 56,000 29,600 101,000 Current liabilities Total liabilities Average net accounts receivable $3,900 Other Data $7,500 7,200 5,500 Average inventory 32,800 25,900 Net cash provided by operating activities Capital expenditures Dividends 1,800 12,400 450 4,400 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%.) Ratio Target Wal-Mart (1) Current ratio (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days Profit margin Asset turnover times times Return on assets Return on common stockholders' equity R RR (10) Debt to assets ratio (11) Times interest earned times times (12) Free cash flow

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