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Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year Net

Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions).

Target Corporation

Walmart Inc.

Income Statement Data for Year

Net sales

$66,750

$414,180

Cost of goods sold

44,800

302,400

Selling and administrative expenses

15,500

81,000

Interest expense

650

1,900

Other income (expense)

(80

)

(400

)

Income tax expense

1,400

7,300

Net income

$ 4,320

$ 21,180

Balance Sheet Data (End of Year)

Current assets

$17,050

$47,040

Noncurrent assets

26,700

120,000

Total assets

$43,750

$167,040

Current liabilities

$11,000

$56,000

Long-term debt

16,800

45,000

Total stockholders equity

15,950

66,040

Total liabilities and stockholders equity

$43,750

$167,040

Beginning-of-Year Balances

Total assets

$45,000

$164,000

Total stockholders equity

13,300

64,000

Current liabilities

10,500

58,000

Total liabilities

31,700

100,000

Other Data

Average net accounts receivable

$7,500

$3,900

Average inventory

7,000

33,600

Net cash provided by operating activities

5,500

27,400

Capital expenditures

1,800

11,800

Dividends

500

4,500

(a) For each company, compute the following ratios. (Round current ratio to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation.)

(5)

Days in inventory

enter a number of days in inventory rounded to 1 decimal place

days

enter a number of days in inventory rounded to 1 decimal place

days

(6)

Profit margin

enter Profit margin in percentages rounded to 1 decimal place

%

enter Profit margin in percentages rounded to 1 decimal place

%

(7)

Asset turnover

enter a number of Asset turnover in times rounded to 1 decimal place

times

enter a number of Asset turnover in times rounded to 1 decimal place

times

(8)

Return on assets

enter Return on assets in percentages rounded to 1 decimal place

%

enter Return on assets in percentages rounded to 1 decimal place

%

(9)

Return on common stockholders equity

enter Return on common stockholders equity in percentages rounded to 1 decimal place

%

enter Return on common stockholders equity in percentages rounded to 1 decimal place

%

(10)

Debt to assets ratio

enter Debt to assets ratio in percentages rounded to 1 decimal place

%

enter Debt to assets ratio in percentages rounded to 1 decimal place

%

(11)

Times interest earned

enter a number of times interest earned rounded to 1 decimal place

times

enter a number of times interest earned rounded to 1 decimal place

times

(12)

Free cash flow

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