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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses

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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $66,900 $419,000 45,000 309,000 15,000 80,000 700 1,900 (80) (390) 1,500 6,700 $4,620 $ 21,010 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $17.000 $45,000 26,700 120,000 $43,700 $165,000 $11,000 $55,000 18,200 45,000 14,500 65,000 $43,700 $165,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43.000 $165.000 12,600 64,000 10,000 58,000 30,400 101,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7,700 $4,200 6,800 34,500 5,500 25,800 1,800 12,300 490 4,200 (7) Asset turnover times times (8) (9) % % Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned (10) % (11) times times (12) Free cash flow $ $ $ $

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