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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

Suppose selected financial data ofTargetandWal-Martfor 2017 are presented here (in millions).

Target

Corporation Wal-Mart Stores, Inc.

Income Statement Data for Year

Net sales $66,400 $410,000

Cost of goods sold 46,000 308,000

Selling and administrative expenses 14,200 78,000

Interest expense 650 2,200

Other income (expense) (70) (390)

Income tax expense 1,400 7,100

Net income $ 4,080 $ 14,310

Balance Sheet Data

(End of Year)

Current assets $19,000 $48,000

Noncurrent assets 26,900 122,000

Total assets $45,900 $170,000

Current liabilities $10,000 $56,000

Long-term debt 16,900 44,000

Total stockholders' equity 19,000 70,000

Total liabilities and stockholders' equity$45,900 $170,000

Beginning-of-Year Balances

Total assets $43,000 $162,000

Total stockholders' equity 14,300 65,000

Current liabilities 10,500 55,000

Total liabilities 28,700 97,000

Other Data

Average net accounts receivable $7,600 $3,900

Average inventory 6,900 32,900

Net cash provided by operating activities 5,500 26,600

Capital expenditures 1,700 12,400

Dividends 460 3,900

(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 :1

(2)Accounts receivable turnover times times

(3)Average collection period days days

(4)Inventory turnover times times

(5)Days in inventory days days

6)Profit margin % %

(7)Asset turnover times times

(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 $ $

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