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 Cost of goods sold 46,000 308,000 Selling and administrative expenses 14,400 77,000 Interest expense 680 1.800 (90) (380) Other income (expense) Income tax expense Net income 1,400 6.900 $4,230 $ 18,920 Balance Sheet Data (End of Year) Current assets $18,000 $47.000 Noncurrent assets 27,500 121,000 Total assets $45,500 $168,000 Current liabilities $11,000 $54,000 16,800 45,000 Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 17.700 69,000 $45,500 $168,000 Beginning-of-Year Balances $43,000 $162,000 Total assets Total stockholders' equity 13,500 64,000 Current liabilities 10,500 54,000 Total liabilities 29,500 98,000 Other Data $7,700 $3,800 Average net accounts receivable Average inventory Net cash provided by operating activities 6,800 34,200 5,600 25,600 Capital expenditures 1,800 12,100 Dividends 450 4,300 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, e.g. 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 () (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 6:33 % % 458 % (7) Asset turnover 1.5 times 2.5 times (8) Return on assets 9.56 % 11.47 % (9) Return on common stockholders' equity 27.12 %6 28.45 % (10) Debt to assets ratio 61 % 58.93 % (11) Times interest earned 9.28 times 15.34 times (12) Free cash flow $ 4030 $ 11000