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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 $66,400 $410,000 Cost of goods sold 46,000 308,000 Selling and administrative expenses 14,200 78,000 Interest expense 650 2,200 Other income (expense) (70 ) (390) Income tax expense 1,400 7,100 Net income $4,080 $14,310 Balance Sheet Data (End of Year) Current assets $19,000 $48,000 Noncurrent assets 26,900 122,000 Total assets $45,900 $170,000 Current liabilities $10,000 $56,000 Long-term debt 16.900 44,000 Total stockholders' equity 19,000 70,000 Total liabilities and stockholders' equity $45,900 $170,000 Beginning-of-Year Balances Total assets Total stabholders' onuity: $43,000 $162,000 14.300 65.000 Total stockholders' equity 14,300 65,000 Current liabilities 10,500 55,000 Total liabilities 28,700 97,000 Other Data Average net accounts receivable $7,600 $3,900 Average inventory 6,900 32,900. Net cash provided by operating activities 5,500 26,600 Capital expenditures 1,700 12,400 Dividends 460 3,900 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and free cash flow answers to O decimal places, eg. 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%) Ratio (2) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover Target Wal-Mart 1.90 :1 0.06 8.74 times 105.13 times 41.76 days 3.47 days 6.67 times 9.36 times 54.72 days 39 days 6.14 % 3.49 % times times Ratio Target Wal-Mart (1) Current ratio 1.90 :1 0.86 1 (2) Accounts receivable turnover 8.741 times 105.13 times (3) Average collection period 41.76 days 347 days (4) Inventory turnover 6.67 times 9.36 times (5) Days in inventory 54.72 days 39 days (6) Profit margin 6.14 % 3.49 % (7) Asset turnover times times (8) Return on assets % % Return on common stockholders' (9) equity (10) Debt to assets ratio. de de % % % (11) Times interest earned times % times (12) Free cash flow $ $image text in transcribedimage text in transcribedimage text in transcribed

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