Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year $65,900 $411,000 Net sales 46,000 307,000 Cost of goods sold 14,500 77.000 Selling and administrative expenses 660 2.000 Interest expense (85) (410) Other income (expense) 1.400 7.100 Income tax expense $ 3,255 $17.490 Net income Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $16.000 $49.000 26.100 123.000 $42.100 $172,000 $10.000 $54.000 17.100 45.000 15.000 73.000 $42.100 $172.000 Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity Beginning-of-Year Balances $43.000 $164,000 Total assets Total stockholders' equity 13.900 65,000 Current liabilities 10.900 57.000 Total liabilities 29.100 99.000 Other Data Average net accounts receivable $7.800 $4.100 Average inventory 7.000 33.800 Net cash provided by operating activities 5.600 27.400 Capital expenditures 1.800 12.500 Dividends 470 3.700 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg, 15.50, debt to assets ratio an 1.83%) Ratio Target Wal-Mart (1) Current ratio 0.9 :1 (2) Accounts receivable turnover 100.2 times 8.4 times 43.2 days 3.6 days (3) (4) Average collection period Inventory turnover 6.6 times 9.1 times (5) Days in inventory 55.5 days 40.2 days (6) Profit margin (7) Asset turnover times (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio R (11) Times interest earned times (12) Free cash flow