Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $66,100 $411,000 Net sales 44,000 302,000 15,400 81,000 Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense 660 2.100 (70) (420) 1,400 7,300 Net income $4,570 $ 18,180 Balance Sheet Data (End of Year) Current assets $17,000 $49,000 Noncurrent assets 26,800 120,000 Total assets $43,800 $169,000 $12,000 $54,000 Current liabilities Long-term debt Total stockholders' equity 17,600 45,000 14,200 70,000 Total liabilities and stockholders' equity $43,800 $169,000 Beginning-of-Year Balances Total assets $43,000 $162,000 14,400 66,000 Total stockholders' equity Current liabilities 10,600 57.000 Total liabilities 28,600 96,000 Other Data Average net accounts receivable $7.900 $4,200 7.200 33,700 Average inventory 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%. Ratio Target Wal-Mart (1) Current ratio 1.4 :1 0.91 :1 (2) Accounts receivable turnover 8.37 times 97.86 times (3) Average collection period 43.61 days 3.73 days (4) Inventory turnover 6.11 times 8.96 times (5) Days in inventory 59.74 days 40.74 days (6) Profit margin 6.91 % 4.42 % (7) Asset turnover 1.52 times 2.48 times (8) Return on assets 10.53 % 10.98 % (9) Return on common stockholders' equity % 21.44 % (10) Debt to assets ratio 40.18 % 26.63 % (11) Times interest earned 10.05 times 13.13 times (12) Free cash flow $ 4100 $ 13800