Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose selected financial data of Target and Walmart for 2022 are as follows (in millio begin{tabular}{|c|c|c|} hline & multicolumn{2}{|c|}{BalanceSheetData(EndofYear)} hline Current assets & $18,000
Suppose selected financial data of Target and Walmart for 2022 are as follows (in millio \begin{tabular}{|c|c|c|} \hline & \multicolumn{2}{|c|}{BalanceSheetData(EndofYear)} \\ \hline Current assets & $18,000 & $50,000 \\ \hline Noncurrent assets & 26,100 & 121,000 \\ \hline Total assets & $44,100 & $171,000 \\ \hline Current liabilities & $10,000 & $55,000 \\ \hline Long-term debt & 17,200 & 45,000 \\ \hline Total stockholders' equity & 16,900 & 71,000 \\ \hline \multirow[t]{2}{*}{ Total liabilities and stockholders' equity } & $44,100 & $171,000 \\ \hline & \multicolumn{2}{|c|}{ Beginning-of-Year Balances } \\ \hline Total assets & $45,000 & $163,000 \\ \hline Total stockholders' equity & 13,900 & 64,000 \\ \hline Current liabilities & 10,900 & 54,000 \\ \hline Total liabilities & 31,100 & 99,000 \\ \hline \end{tabular} For each company, compute the following ratios. (Round current ratio to 2 decimal places, e.g. 1.83. Round accounts receivable turnover, average collection period, inventory turnover, days in inventory, profit margin, asset turnover, return on assets, return on common stockholders' equity and times interest earned to 1 decimal places, e.g. 1.8 or 1.8%. Round debt to assets ratio to 0 decimal places, e.g. 15\%.) Ratio Target Walmart (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) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned (12) Free cash flow :1 times days times days % times % % % times $ :1 times days times days % times % % % times $
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