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Selected hypothetical financial data of Target and Walmart for 2022 are presented here (in millions) (7)(12) Question 1 of 10 View Policies Current Attempt in

Selected hypothetical financial data of Target and Walmart for 2022 are presented
here (in millions)
(7)(12)
image text in transcribed
image text in transcribed
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Question 1 of 10 View Policies Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $ 66,800 $413,000 Net sales 46,000 308,000 14,400 77,000 Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense 680 1,800 (90) (380) 1,400 6.900 Net income $ 4,230 $ 18,920 Balance Sheet Data (End of Year) $ 18,000 $ 47,000 27,500 121,000 Current assets Noncurrent assets Total assets Current liabilities $ 45,500 $ 168,000 $11,000 $ 54,000 16,800 45,000 Long-term debt Total stockholders' equity 17,700 69,000 Total liabilities and stockholders' equity $ 45,500 $ 168,000 Beginning-of-Year Balances Total liabilities and stockholders' equity $ 45,500 $ 168,000 Beginning-of-Year Balances Total assets $ 43,000 $ 162,000 13,500 64,000 Total stockholders' equity Current liabilities Total liabilities 10,500 54,000 29,500 98,000 Other Data $ 7.700 $3,800 6,800 34,200 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,600 25,600 1,800 12,100 450 4,300 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, ey. 15.50, debt to assets ratio and free cash flow answers to decimal places, c. 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%.) Ratio Target Wal-Mart (1) Current ratio 1.64 :1 0.87 :1 days (6) Profit margin 6.33 % 4.58 % (7) Asset turnover times times (8) Return on assets % (9) Return on common stockholders' equity 96 % % % (10) Debt to assets ratio % (11) Times interest earned times times (12) Free cash flow $ eTextbook and Media Save for Later Last saved 9 minutes ago Saved work will be auto-submitted on the due date. Auto-submission can take up to 10 minutes. Attempts: 0 of 5 used Submit

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