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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 $65,900 $409,000 Cost of goods sold 45,000 303,000 Selling and administrative expenses 15,100 76,000 Interest expense 650 2,100 Other income (expense) (95) (400) Income tax expense 1,300 6,700 Net income $3,755 $20,800 Balance Sheet Data (End of Year) Current assets $16,000 $49,000 Noncurrent assets 25,700 123,000 Total assets $41.700 $172,000 Current liabilities $11,000 $56,000 Long-term debt 17.300 45,000 Total stockholders' equity Total liabilities and stockholders' equity 13,400 71,000 $41,700 $172,000 Total assets Beginning-of-Year Balances $45,000 $163.000 Question 10 of 10 TULOFHOUR LUERFICIUCr equity Way Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities $45,000 $163,000 12,500 66,000 10,000 58,000 Total liabilities 32,500 97,000 Other Data Average net accounts receivable $7,700 $3,800 Average inventory 7,200 33,600 Net cash provided by operating activities 5,600 26,200 Capital expenditures 1,700 11,500 Dividends 460 3,900 (9) Return on common stockholders' equity (10) Debt to assets ratio 1441 % 30.4 % 72 96 60 %image text in transcribedimage text in transcribedimage text in transcribed

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