Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2.488 $ 14,335 Net income Current assets Noncurrent assets Total assets Current liabilities Balance Sheet Data (End of Year) $18.424 $48.331 26.109 122.375 $44,533 $170,706 $11.327 $55,561 Question 11 of 11 Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 17,859 15,347 $44,533 44,089 71,056 $170,706 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $44,106 $163,429 13,712 65,682 10,512 55,390 30.394 97.747 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends $7.525 6.942 5.881 1.729 496 $4,025 33.836 26.249 12.184 4.217 al Formach company.compute the following ratios (Enter free cash flow in millions. Round Current ratio to 2 decimal places, es 1.67. Rou For each company.compute the following ratios. (Enter free cash flow in millons. Round Current ratio to 2 decimal places, eg 1.67. Round Debt to assets ratio to decimal places, eg 18 or 18%. Round all other answers to 1 decimal place, eg. 16, or 1.6% Use 365 days for calculation) Ratio Target Wal-Mart (1) Current ratio 420 :1 2.95 :1 (2) Accounts receivable turnover 8.7 times 101.4 times (3) Average collection period 420 days 3.6 days (4) Inventory turnover 66 times 90 times (5) Days in inventory 55.3 days -06 days Profit margin 35 (71 Asset turnover 1.5 times (8) Return on assets 5.6 S Return on common 1921 (4) Inventory turnover 6.6 times 9.0 times (5) Days in Inventory 55.3 days 40.6 days (6) Profit margin 3.8 % 3.5 96 (7) Asset turnover 15 times 24.4 times (8) Return on assets 5.6 % 85.8 % 19) Return on common stockholders' equity 2 % 2 % (10) Debt to assets ratio % % (11) Times Interest earned times times (12) Free cash flow $ million $ million

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Complete Guide Practical Tools For Self Assessment

Authors: Gerardus Blokdyk

1st Edition

0655424571, 978-0655424574

More Books

Students also viewed these Accounting questions