Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,900 $409,000 Cost of goods sold 45,000 303,000 Selling and administrative expenses 15,100 76,000 Interest expense 650 2,100 Other income (expense) (95) (400) Income tax expense 1,300 6,700 Net income $3.755 $ 20,800 Balance Sheet Data (End of Year) Current assets $16.000 $49.000 Noncurrent assets 25,700 123.000 Total assets $41.700 $172.000 Current liabilities $11000 $56.000 Current liabilities $11,000 $56,000 Long-term debt 17,300 45,000 Total stockholders' equity 13,400 71,000 Total liabilities and stockholders' equity $41,700 $172,000 Beginning-of-Year Balances Total assets $45,000 $ 163,000 Total stockholders' equity 12,500 66,000 Current liabilities 10,000 58,000 Total liabilities 32,500 97,000 Other Data Average net accounts receivable $7.700 $3,800 Average inventory 7200 33,600 Net cash provided by operating activities 5,600 26,200 Capital expenditures 1.700 11 500 Dividends 460 3.900 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, eg 1.83 or 1.83%) Ratio Target Wal-Mart (1) Current ratio 1.6 -1 91 1 (2) Accounts receivable turnover 845 times 100.24 times (3) Average collection period 4320 days 3.64 days (4) Inventory turnover 6.57 times 9.08 times (5) Days in inventory 55 56 days 40 20 days (6) Profit margin 494 426 (7) 157 times Asset tumover times (8) 81 7.73 Return on assets 184 202 (9 ) Return on common stockholders equity 5756 6437 (10) Debt to assets ratio 13.30 times 805 times (11) Times interest earned (3) Average collection period 43 20 days 3.64 days Inventory turnover 6.57 times 9.08 times (5) Days in inventory 55 56 days 40 20 days (6) Profit margin 494 4.26 % Asset turnover 157 times 239 times (8) Return on assets 7.73 81 X 19) Return on common stockholders equity 18.4 202 3 (10) Debt to assets ratio 8437 5756 805 times 1330 (11) times Times interest earned 3330 11200 (12) Free cash flow