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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 $66,400 $414,000 Cost of goods sold 302,000 45,000 15,500 Selling and administrative expenses 81,000 Interest expense 650 1,900 Other income (expense) (80) (400) Income tax expense 1,400 7,300 $21,400 Net income $3,770 Balance Sheet Data (End of Year) Current assets $17,000 $47,000 $47 Noncurrent assets 26,700 120,000 Total assets $43,700 $167,000 Current liabilities $11,000 16,800 $56,000 45,000 Long-term debt Total stockholders' equity 15,900 66,000 Total liabilities and stockholders' equity $43,700 $167,000 Beginning-of-Year Balances Total assets $45,000 $164,000 Total stockholders' equity 13,300 64,000 Current liabilities 10,500 58,000 100,000 Total liabilities 31,700 Other Data Average net accounts receivable $7,500 $3,900 33,600 Average inventory 7,000 5,500 27,400 Net cash provided by operating activities Capital expenditures 1,800 11,800 Dividends 500 4,500 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and free cash flow answers to decimal places, eg. 5,275 and all answers to 1 decimal place, eg. 1.8 or 1.83%. Ratio Target Wal-Mart Current ratio (1) (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin Asset turnover times times Return on assets (9) Return on common stockholders' equity (10) (11) Debt to assets ratio Times interest earned times times (12) Free cash flow

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