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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

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

$66,800

$413,000

Cost of goods sold

46,000

308,000

Selling and administrative expenses

14,400

77,000

Interest expense

680

1,800

Other income (expense)

(90

)

(380

)

Income tax expense

1,400

6,900

Net income

$ 4,230

$ 18,920

Balance Sheet Data (End of Year)

Current assets

$18,000

$47,000

Noncurrent assets

27,500

121,000

Total assets

$45,500

$168,000

Current liabilities

$11,000

$54,000

Long-term debt

16,800

45,000

Total stockholders equity

17,700

69,000

Total liabilities and stockholders equity

$45,500

$168,000

Beginning-of-Year Balances

Total assets

$43,000

$162,000

Total stockholders equity

13,500

64,000

Current liabilities

10,500

54,000

Total liabilities

29,500

98,000

Other Data

Average net accounts receivable

$7,700

$3,800

Average inventory

6,800

34,200

Net cash provided by operating activities

5,600

25,600

Capital expenditures

1,800

12,100

Dividends

450

4,300

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%.)

(7)

Asset turnover

(8)

Return on assets

%
(9)

Return on common stockholders equity

%
(10)

Debt to assets ratio

%
(11)

Times interest earned

times
(12)

Free cash flow

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