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Suppose selected financial data of Target and Walmart for 2022 are as follows (in millions). Target Corporation Walmart, Inc. Income Statement Data for Year
Suppose selected financial data of Target and Walmart for 2022 are as follows (in millions). Target Corporation Walmart, Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79,607 Interest expense 707 2,065 Other income (expense). (94) (411) Income tax expense 1,384 7,139 Net income $2,488 $14,335 Balance Sheet Data (End of Year) Current assets $18.424 $48,331 Noncurrent assets 26.109 122.375 Total assets $44,533 $170,706 Current liabilities $11,327 $55.561 Long-term debt 17,859 44,089 Total stockholders' equity 15,347 71.056 Total liabilities and stockholders' equity $44,533 $170,706 Question 5 of 5 Total stockholders' equity 15,347 71,056 Total liabilities and stockholders' equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44,106 $163,429 Total stockholders' equity 13,712 65,682 Current liabilities 10,512 55,390 Total liabilities 30,394) 97,747 Other Data Average net accounts receivable $7,525 $4,025 Average inventory 6.942 33,836 Net cash provided by operating activities 5,881 26,249 Capital expenditures 1.729 12.184 Dividends 496 4,217 For each company, compute the following ratios. (Round current ratio to 2 decimal places, eg. 1.83. Round accounts receivable turnover, average collection period, inve stockholders' equity and times interest earned to 1 decimal places, eg. 1.8 or 1.8%. Round debt to assets ratio to O decimal places, eg. 15%) Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin (7) Asset turnover (8) (9) Return on assets Return on common stockholders' equity (10) Debt to assets ratio. (11) Times interest earned (12) Free cash flow C Target :1 times Walmart :1 times days days times times days % days % times times 26 25 times % % times
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