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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 $66,700 $409,000 46,000 306,000 14,700 76,000 650 1,800 (95) (420) 1,400 7,200 $ 3,855 $ 17.580 Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $19,000 $48,000 25,600 120,000 $44,600 $168,000 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) $19,000 $48,000 25,600 120,000 $44,600 $168,000 $10,000 $55,000 18,200 44,000 16,400 69,000 $44,600 $168,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $162,000 13,500 66,000 10,500 55,000 29.500 96,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities $7,800 7,000 5,600 $3,900 33,700 26.800 Wal-Mart Target Ratio :1 (1) Current ratio times times (2) Accounts receivable turnover days days (3) Average collection period times times (4) Inventory turnover days days (5) Days in inventory % (6) Pront margin times times (7) Asset turnover % % (8) Return on assets % x 19) Return on common stockholders equity % (10) Debt to assets ratio times times (11) Times interest earned (12) Free cash flow

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