Question
Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year
Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year Net sales $65.360 $405,900 Cost of goods sold 46.240 306,000 Selling and administrative expenses 15.100 77.000 Interest expense 720 2.000 Other income (expense) (70 ) (410) Income tax expense 1.500 7.500 Net income $1,730 $12,990 Balance Sheet Data (End of Year) $15,960 $45,900 Current assets Noncurrent assets 26,400 121.000 Total assets $42,360 $166,900
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