Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $66,400 $407,000 46,000 306,000 15,500 79,000 670 1,800 (85) (390) 1,300 7,500 $ 2,845 $ 12,310 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $19,000 $47,000 27,300 123,000 $46,300 $170,000 $11,000 $56,000 18,100 45,000 17,200 69,000 $46,300 $170,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $164,000 14,300 66,000 10,800 57,000 28,700 98,000 Other Data $7,900 6,800 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends 5,600 $4,100 34,000 26,300 11,500 4,200 1,800 520 (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 or 1.83%) Ratio Target Wal-Mart (1) Current ratio 1.73 : 1 0.84 :1 (2) Accounts receivable turnover 8.41 times 99.27 times (3) Average collection period 43.4 days 3.68 days (4) Inventory turnover 6.76 times (5) Days in inventory 53.99 days times 40.56 days 3.02 2.44 times (6) Profit margin 4.28% 1.49 times Asset turnover DULULULELALU x (8) Return on assets 10.64 % .68 (9) Return on common stockholders' equity 21 21 % (10) Debt to assets ratio (11) Times interest earned 3.12 times 2.28 times (12) Free cash flow 2,380 1,910