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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 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 Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,900 45,000 15,100 650 $409,000 303,000 76,000 2,100 (95 ) (400) 1,300 $ 3,755 6,700 $ 20,800 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $16,000 25,700 $41,700 $11,000 17,300 13,400 $41,700 $49,000 123,000 $172,000 $56,000 45,000 71,000 $172,000 Beginning-of-Year Balances
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