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Selected hypothetical financial data of Target and Walmart for 2022 are presentedhere (in millions). Target Corporation Income Statement Data for Year $406,000 306,000 76,000
Selected hypothetical financial data of Target and Walmart for 2022 are presentedhere (in millions). Target Corporation Income Statement Data for Year $406,000 306,000 76,000 2.200 (390) 6,500 $14,910 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets $65.000 46.000 14,800 660 (70) 1.300 $2,170 Walmart Inc. Balance Sheet Data (End of Year) $49,000 123.000 $19.000 26,100 Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory $45,100 $12,000 17.400 15,700 $45.100 $45.000 12.900 10.300 Beginning-of-Year Balances $162,000 32.100 $172,000 $8.000 Other Data 6,800 $55,000 43,000 74,000 $172,000 66,000 57,000 96,000 $3,800 33,200 Net cash provided by operating activities Capital expenditures Cash dividends paid 5,900 1,700 510 27.400 11.600 4,200 For each company.compute the following ratios. Assume all sales were on credit. (Round current ratio to 2 decimal places eg. 1.85 and free cash flow to 0 decimal places and all other answers to 1 decimol place, e.g. 1.8 or 1.8%) (1) (2) Ratio Current ratio Accounts receivable turnover Target 1 times Walmart times (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) 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 i Free cash flow days times days % times * times days times days 96 times 56 times
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