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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
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 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $67,000 44,000 14,300 700 $410,000 302,000 81,000 2,000 (85) (390) 1,400 7,000 $ 6,515S 17.610 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 $17,000 27,500 $44,500 $10,000 18,200 16,300 $44.500 $49,000 122,000 $171,000 $55,000 44,000 72,000 $171,000 Beginning-of-Year Balances Total assets Total stockholders' equity Current liabilities Total liabilities $43,000 13,200 10,300 29,800 $164,000 64,000 56,000 100,000
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