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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Selected hypothetical financial data of Target and Wal-Mart for 2022

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). image text in transcribed

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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 $413,000 Cost of goods sold $66,800 46,000 14,400 680 Selling and administrative expenses 308,000 77,000 1,800 (380) Interest expense Other income expense) (90) Income tax expense 1,400 6,900 Net income $ 4,230 $ 18,920 Balance Sheet Data (End of Year) Current assets $47,000 Noncurrent assets 121,000 Total assets $18,000 27,500 $45,500 $11,000 16,800 $168,000 Current liabilities $54,000 Long-term debt 45,000 17,700 69,000 Total stockholders' equity Total liabilities and stockholders' equity $45,500 $168,000 Beginning of Year Balances Total assets Total stockholders' equity Current liabilities $43,000 13,500 10,500 29,500 $162,000 64,000 54,000 98,000 Total liabilities Other Data Average net accounts receivable $7,700 Average inventory 6,800 Net cash provided by operating activities $3,800 34,200 25,600 12,100 4,300 5,600 1,800 450 Capital expenditures Dividends For each company.compute the following ratios. (Round current ratlo answers to 2 decimal places, eg, 15.50, debt to assets ratio and free cash flow answers to decimal places, eg. 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 days (3) (4) Average collection period Inventory turnover times (5) Days in inventory (6) Profit margin 17) Asset turnover times (8) Return on assets 19) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned times times (12) Free cash flow

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