Suppose selected financial data of Target and Wal-Mart for 2014 are presented here (in millions).

Target Corporation

Wal-Mart Stores, Inc.

Income Statement Data for Year

Net sales

$65,357

$408,214

Cost of goods sold

45,583

304,657

Selling and administrative expenses

15,101

79,607

Interest expense

707

2,065

Other income (expense)

(94

)

(411

)

Income tax expense

1,384

7,139

Net income

$ 2,488

$ 14,335

Balance Sheet Data (End of Year)

Current assets

$18,424

$48,331

Noncurrent assets

26,109

122,375

Total assets

$44,533

$170,706

Current liabilities

$11,327

$55,561

Long-term debt

17,859

44,089

Total stockholders equity

15,347

71,056

Total liabilities and stockholders equity

$44,533

$170,706

Beginning-of-Year Balances

Total assets

$44,106

$163,429

Total stockholders equity

13,712

65,682

Current liabilities

10,512

55,390

Total liabilities

30,394

97,747

Other Data

Average net accounts receivable

$7,525

$4,025

Average inventory

6,942

33,836

Net cash provided by operating activities

5,881

26,249

Capital expenditures

1,729

12,184

Dividends

496

4,217

(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)		Current cash debt coverage.
(13)		Cash debt coverage.
(14)		Free cash flow.