Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 Profit margin (6) 5.85 % 5.35 % (7) Asset turnover 1.48 times 2,40 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 $ $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started