Question
Suppose selected financial data ofTargetandWal-Martfor 2017 are presented here (in millions). TargetCorporationWal-MartStores, Inc. Income Statement Data for Year Net sales Target $66,800 Walmart $413,000 Cost
Suppose selected financial data ofTargetandWal-Martfor 2017 are presented here (in millions).
TargetCorporationWal-MartStores, Inc.
Income Statement Data for Year
Net sales
Target $66,800
Walmart $413,000
Cost of goods sold
Target $46,000
Walmart $308,000
Selling and administrative expenses
Target $14,400
Walmart $77,000
Interest expense
Target $680
Walmart $1,800
Other income (expense)
Target (90)
Walmart (380)
Income tax expense
Target $1,400
Walmart $6,900
Net income
Target $4,230
Walmart $18,920
Balance Sheet Data
(End of Year)
Current assets
Target $18,000
Walmart $47,000
Noncurrent assets
Target $27,500
Walmart $121,000
Total assets
Target $45,500
Walmart $168,000
Current liabilities
Target $11,000
Walmart $54,000
Long-term debt
Target $16,800
Walmart $45,000
Total stockholders' equity
Target $17,700
Walmart$69,000
Total liabilities and stockholders' equity
Target $45,500
Walmart $168,000
Beginning-of-Year Balances
Total assets
Target $43,000
Walmart $162,000
Total stockholders' equity
Target $13,500
Walmart $64,000
Current liabilities
Target $10,500
Walmart $54,000
Total liabilities
Target $29,500
Walmart $98,000
Other Data
Average net accounts receivable
Target $7,700
Walmart $3,800
Average inventory
Target $6,800
Walmart $34,200
Net cash provided by operating activities
Target $5,600
Walmart $25,600
Capital expenditures
Target $1,800
Walmart $12,100
Dividends
Target $450
Walmart $4,300
(Round all answers to 2 decimal places)
How do you find the Return on common stockholders' equity?
How do you find the debt to assets ratio?
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