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Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). For each company, compute the following ratios. (Round all answers
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions).
For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.85 or 1.85%.)
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 $410,000 46,000 308,000 14,200 78,000 650 2,200 (70) (390) 1,400 7,100 $4,080 $14,310 Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $19,000 $48,000 26,900 122,000 $45,900 $170,000 $10,000 $56,000 16,900 44,000 19,000 70,000 $45,900 $170,000 Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Beginning-of-Year Balances $43,000 $162,000 14,300 65,000 10,500 55,000 28,700 97,000 Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $7,600 6,900 5,500 1,700 $3,900 32,900 26,600 12,400 3,900 460 (8) Return on assets 8.89 % 8.42 % (9) Return on common stockholders' equity 21,47 % 71.55 % (10) Debt to assets ratio 66.74 % 59.88 %
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