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Selected hypothetical financial data of Target and Walmart for 2025 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year

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Selected hypothetical financial data of Target and Walmart for 2025 are presented here (in millions). Target Corporation Walmart Inc. Income Statement Data for Year Net sales $65,400 $418,000 Cost of goods sold 44,000 309,000 Selling and administrative expenses 15,000 79,000 Interest expense 740 2,100 Other income (expense) (90) (380) Income tax expense 1,400 7,300 Net income $4,170 $20,220 Balance Sheet Data (End of Year) $19,000 Current assets $50,000 Noncurrent assets 26,700 121,000 Total assets $45,700 $171,000 Current liabilities $11,000 $55,000 Long-term debt 18,500 45,000 Total stockholders' equity 16,200 71,000 Total liabilities and stockholders' equity $45,700 $171,000 Beginning-of-Year Balances Total assets $44,000 $165,000 Total stockholders' equity 12,800 64,000 Current liabilities 10,600 58,000 Total liabilities 31,200 101,000 Other Data Average net accounts receivable $8,000 $3,900 Average inventory 6,900 34,500 Net cash provided by operating activities 5,500 25,800 Capital expenditures 1,800 11,700 Cash dividends paid 450 4,500 (a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio answers to 2 decimal places, e.g. 15.50. Round debt to assets ratio to O decimal places, e.g. 15%. Enter free cash flow answers in millions. Round all other answers to 1 decimal place, e.g. 1.8 or 1.83%. Use 365 days for calculations.) Ratio 1. Current ratio 2. Accounts receivable turnover 3. Average collection period 4. Inventory turnover 5. Days in inventory 6. Profit margin 7. Asset turnover 8. Return on assets 9. Return on common stockholders' equity 10. Debt to assets ratio 11. Times interest earned 12. Free cash flow +A $ Target 1.46 :1 times days Walmart 2.49 :1 times days times times days days % di times % % do times % di do % % % times $ % times

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