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Suppose selected financial data of Target and Wal-Mart for 2019 are presented here (in millions) Wal-Mart Target Corporation Stores, Inc. Income Statement Data for Year

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Suppose selected financial data of Target and Wal-Mart for 2019 are presented here (in millions) Wal-Mart Target Corporation Stores, Inc. Income Statement Data for Year $65,000 $413,000 Net sales Cost of goods sold 301,000 45,000 Selling and administrative expenses 14,100 80,000 Interest expense 710 2,000 Other income (expense) (85) (410) Income tax expense 1,300 7,500 $22,090 $3,805 Net income Balance Sheet Data (End of Year) Current assets $19,000 $49,000 123,000 Noncurrent assets 25,000 $44,000 $172,000 Total assets $12,000 $54,000 Current liabilities 17,400 43,000 Long-term debt Total stockholders' equity 14,600 75,000 $44,000 $172,000 Total liabilities and stockholders' equity Beginning-of-Year Balances Total assets $45,000 $162,000 Total stockholders' equity 12,900 66,000 10,300 Current liabilities 56,000 96,000 Total liabilities 32,100 Other Data $7,700 Average net accounts receivable $4,100 Average inventory 6,800 34,400 Net cash provided by operating activities 5,600 25,500 Capital expenditures 1,800 12,300 470 Dividends 3,600 For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.85 or 1.85%.) Ratio Wal-Mart Target (1) 1 Current ratio :1 (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) days days Days in inventory Profit margin % % (6) (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 $ $ 26

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