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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 $65,900 $411,000 Cost of goods sold 46,000 307,000 Selling and administrative expenses 14,500 77,000 Interest expense 660 2,000 Other income (expense) (85) (410) Income tax expense 1,400 7,100 Net income $3,255 $ 17,490 Balance Sheet Data (End of Year) Current assets $16,000 $49,000 Noncurrent assets 26,100 123,000 Total assets $42,100 $172,000 Current liabilities $10,000 $54,000 Long-term debt 17,100 45,000 Total stockholders' equity 15,000 73,000 Total liabilities and stockholders' equity $42,100 $172,000

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