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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

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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 Net sales $66,100 $411,000 Cost of goods sold 44,000 302,000 Selling and administrative expenses 15,400 81,000 Interest expense 660 2,100 Other income (expense) (70) (420) Income tax expense 1,400 7.300 Net income $4,570 $ 18,180 Balance Sheet Data (End of Year) Current assets $17.000 $49,000 Noncurrent assets 26,800 120,000 Noncurrent assets 26,800 120,000 Total assets $43,800 $169,000 Current liabilities $12,000 $54,000 Long-term debt 17,600 45,000 Total stockholders' equity 14.200 70,000 Total liabilities and stockholders' equity $43,800 $169,000 Beginning-of-Year Balances Total assets $43,000 $162,000 Total stockholders' equity 14.400 66,000 Current liabilities 10,600 57.000 Total liabilities 28,600 96,000 Other Data Average net accounts receivable $7.900 $4,200 Average inventory 7.200 33,700 $7.900 $4,200 7,200 33.700 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,800 26.200 1.700 12.400 460 3,600 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, s. 15.50, debt to assets ratio and free cash flow answers to decimal places es 5,275 and all answers to 1 decimal place, es. 1.8 or 1.83%) Ratio Target Wal-Mart (1) Current ratio 1:42 :1 091 :1 (2) 2) Accounts receivable turnover 43 times 97.35 times (3) Average collection period 4161 days 3.73 days (4) Inventory turnover 6.11 times 8.96 times OP ACCOUNTSTOVUTO Um H. (3) 43.61 3.73 days Average collection period days Inventory turnover 6.11 times 8.96 times (5) Days in inventory 59.73 40.74 days days (6) Proht margin 6.91 % 442 % 17) Asset turnover times times (8) Return on assets 5 76 191 Return on common stockholders equity (10) Debt to assets ratio 100 % (11) Times interest earned times times (12) Free cash flow $

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