Suppose selected financial data of Target and Wal-Mart for 2017 are present Wal-Mart Target Corporation Stores, Inc Income Statement Data for Year Net sales $411,000 $66,100 Cost of goods sold 44,000 302,000 Selling and administrative expenses 15,400 81,000 Interest expense 660 2,100 Other income (expense) (70) (420) Income tax expense 1,400 7,300 $ 4,570 $18,180 Net income Balance Sheet Data (End of Year) Current assets $49,000 $17,000 120,000 Noncurrent assets 26,800 $43,800 $169,000 Total assets Current liabilities $12,000 $54,000 Long-term debt 17,600 45,000 Total stockholders' equity 14,200 70,000 Total liabilities and stockholders $43,800 $169,000 enuitv Beginning-of-Year Balances Total assets $43,000 $162,000 Total stockholders' equity 14,400 66,000 Current liabilities 57,000 10,600 Total liabilities 28,600 96,000 Other Data $7,900 $4,200 Average net accounts receivable Average inventory 7,200 33,700 Net cash provided by operating activities 5,800 26,200 Capital expenditures 1,700 12,400 Dividends 460 3,600 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.) (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 Ratio Wal-Mart Target (1) Current ratio 1.4 1 .92 1 (2) Accounts receivable turnover 8.4 times 92.9 times (3) Average collection period 43.6 days 3.7 days (4) times times Inventory turnover (5) Days in inventory days days Profit margin (6) % % (7) times times Asset turnover (8) Return on assets % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % (11) Times interest earned times times (12) Free cash flow Open Show Work Click if you would like to Show Work for this question: 96 96