Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millio 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 millio 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 Noncurrent assets Total assets $19,000 $49,000 25,000 123,000 $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 Dividends 470 3,600 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 O decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) Return on assets % Target Wal-Mart :1 :1 times times days days times times days days do % times times do % Return on common stockholders' (9) % % equity (10) Debt to assets ratio % % (11) Times interest earned times times (12) Free cash flowimage text in transcribedimage text in transcribedimage text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Susan V Crosson, Belverd E Needles

9th Edition

0538742801, 9780538742801

More Books

Students also viewed these Accounting questions

Question

=+how the customer arrived at their site.

Answered: 1 week ago

Question

14. Now reconcile what you answered to problem 15 with problem 13.

Answered: 1 week ago