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 $65,600 $418,000 45,000 310,000 Cost of goods sold Selling and administrative expenses 14,300 75,000 Interest expense 720 2,200 Other income (expense) (90) (380) Income tax expense 1,400 6,900 Net income $ 4,090 $ 23,520 Balance Sheet Data (End of Year) Current assets $18,000 $47,000 Noncurrent assets 26,100 121,000 Total assets $44,100 $168,000 Current liabilities $10,000 $55,000 Long-term debt 18,300 43,000 Total stockholders' equity 15,800 70,000 Total liabilities and stockholders' equity $44.100 $168,000 Beginning-of-Year Balances Total assets $44.000 $165,000 Total stockholders' equity 13,200 66,000 Current liabilities 10,800 54,000 Total liabilities 30,800 99,000 lomework P13-5A Question 1 of 1 - / 15 Other Data Average net accounts receivable $7,900 $4,100 Average inventory 7,100 34,100 Net cash provided by operating activities 5,700 25,900 Capital expenditures 1,600 11,500 Dividends 520 4,200 (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 % % lomework P13-5A Question 1 of 1 - / 15 (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 $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit