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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Please show how to do the equations. Thank you. Target

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Please show how to do the equations. Thank you.

Target Corporation

Wal-Mart Stores, Inc.

Income Statement Data for Year

Net sales

$66,700

$409,000

Cost of goods sold

46,000

306,000

Selling and administrative expenses

14,700

76,000

Interest expense

650

1,800

Other income (expense)

(95

)

(420

)

Income tax expense

1,400

7,200

Net income

$ 3,855

$ 17,580

Balance Sheet Data (End of Year)

Current assets

$19,000

$48,000

Noncurrent assets

25,600

120,000

Total assets

$44,600

$168,000

Current liabilities

$10,000

$55,000

Long-term debt

18,200

44,000

Total stockholders equity

16,400

69,000

Total liabilities and stockholders equity

$44,600

$168,000

Beginning-of-Year Balances

Total assets

$43,000

$162,000

Total stockholders equity

13,500

66,000

Current liabilities

10,500

55,000

Total liabilities

29,500

96,000

Other Data

Average net accounts receivable

$7,800

$3,900

Average inventory

7,000

33,700

Net cash provided by operating activities

5,600

26,800

Capital expenditures

1,800

12,400

Dividends

460

4,500

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 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.)

Ratio

Target

Wal-Mart

(1)

Current ratio

enter the current ratio

:1

enter the current ratio

:1
(2)

Accounts receivable turnover

enter accounts receivable turnover in times

times

enter accounts receivable turnover in times

times
(3)

Average collection period

enter average collection period in days

days

enter average collection period in days

days
(4)

Inventory turnover

enter inventory turnover in times

times

enter inventory turnover in times

times
(5)

Days in inventory

enter days in inventory ratio

days

enter days in inventory ratio

days
(6)

Profit margin

enter percentages

%

enter percentages

%
(7)

Asset turnover

enter asset turnover in times

times

enter asset turnover in times

times
(8)

Return on assets

enter percentages

%

enter percentages

%
(9)

Return on common stockholders equity

enter percentages

%

enter percentages

%
(10)

Debt to assets ratio

enter percentages

%

enter percentages

%
(11)

Times interest earned

enter times interest earned

times

enter times interest earned

times
(12)

Free cash flow

$enter a dollar amount

$enter a dollar amount

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