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Suppose selected financial data of Target and Wal-Mart for 2020 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 2020 are presented here (in millions).
Target Corporation | Wal-Mart Stores, Inc. | ||||||
Income Statement Data for Year | |||||||
Net sales | $66,600 | $407,000 | |||||
Cost of goods sold | 45,000 | 305,000 | |||||
Selling and administrative expenses | 14,900 | 79,000 | |||||
Interest expense | 730 | 1,800 | |||||
Other income (expense) | (75) | (390) | |||||
Income tax expense | 1,500 | 7,400 | |||||
Net income | $4,395 | $13,410 | |||||
Balance Sheet Data (End of Year) | |||||||
Current assets | $18,000 | $50,000 | |||||
Noncurrent assets | 26,100 | 121,000 | |||||
Total assets | $44,100 | $171,000 | |||||
Current liabilities | $10,000 | $55,000 | |||||
Long-term debt | 17,200 | 45,000 | |||||
Total stockholders equity | 16,900 | 71,000 | |||||
Total liabilities and stockholders equity | $44,100 | $171,000 | |||||
Beginning-of-Year Balances | |||||||
Total assets | $45,000 | $163,000 | |||||
Total stockholders equity | 13,900 | 64,000 | |||||
Current liabilities | 10,900 | 54,000 | |||||
Total liabilities | 31,100 | 99,000 | |||||
Other Data | |||||||
Average net accounts receivable | $7,900 | $3,800 | |||||
Average inventory | 6,800 | 34,200 | |||||
Net cash provided by operating activities | 5,600 | 26,800 | |||||
Capital expenditures | 1,600 | 11,600 | |||||
Dividends | 520 | 4,200 |
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