Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target...
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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 $65,000 $413,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses 14,100 80,000 Interest expense 710 2,000 Other income (expense) (85) (410) Income tax expense 1,300 7,500 Net income $ 3.805 $ 22,090 Balance Sheet Data (End of Year) Current assets $19,000 $49,000 Noncurrent assets 25,000 123,000 Total assets $44,000 $172,000 Current liabilities $12,000 $54,000 Long-term debt 17,400 43,000 Total stockholders' equity 14,600 75,000 Total liabilities and stockholders' equity $44,000 $172,000 Beginning-of-Year Balances Total assets $45,000 $162,000 Total stockholders' equity 12,900 66,000 Current liabilities 10,300 56,000 Total liabilities 32,100 96,000 Other Data Average net accounts receivable $7,700 $4,100 Average inventory 6,800 34,400 Net cash provided by operating activities 5,600 25,500 Capital expenditures 1,800 12,300 Sividends 470 3,600 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 $65,000 $413,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses 14,100 80,000 Interest expense 710 2,000 Other income (expense) (85) (410) Income tax expense 1,300 7,500 Net income $ 3.805 $ 22,090 Balance Sheet Data (End of Year) Current assets $19,000 $49,000 Noncurrent assets 25,000 123,000 Total assets $44,000 $172,000 Current liabilities $12,000 $54,000 Long-term debt 17,400 43,000 Total stockholders' equity 14,600 75,000 Total liabilities and stockholders' equity $44,000 $172,000 Beginning-of-Year Balances Total assets $45,000 $162,000 Total stockholders' equity 12,900 66,000 Current liabilities 10,300 56,000 Total liabilities 32,100 96,000 Other Data Average net accounts receivable $7,700 $4,100 Average inventory 6,800 34,400 Net cash provided by operating activities 5,600 25,500 Capital expenditures 1,800 12,300 Sividends 470 3,600
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