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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling
Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Wal-Mart Stores, Inc. Income Statement Data for Year $406,000 $66,800 45,000 14,400 690 (75) 1,300 $5,335 305,000 $19,000 27,300 $46,300 $12,000 17.500 16,800 $46,300 78,000 2,000 (420) 6.900 $13,680 Balance Sheet Data (End of Year) $48,000 121,000 $169,000 $55,000 44,000 70,000 $169,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $8,000 7,100 6,000 1,800 450 $4,100 34,000 25,800 11.500 3,700 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%) (1) (2) (3) (4) (5) (6) (7) (8) 6 (10) (11) (12) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow Target :1 times days times days % times % % % times $ Wal-Mart times days 1 times days. % times % * times
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