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Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,000 $413,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses
Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,000 $413,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses 14,100 80,000 Interest expense 710 2,000 Other income (expense) (85) (410) Income tax expense 1,300 7,500 Net income $ 3,805 $22,090 Balance Sheet Data (End of Year) Current assets $19,000 $49,000 Noncurrent assets 25,000 123,000 Total assets $44,000 $172,000 Current liabilities $12,000 $54,000 Long-term debt 17,400 43,000 Total stockholders' equity 14,600 75,000
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