Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $66,600 $407,000 Cost of goods sold 45,000 305,000 Selling and administrative expenses 14,900 79,000 Interest expense 730 1,800 Other income (expense) (75) (390) Income tax expense 1,500 7,400 Net income $4,395 $13,410 Balance Sheet Data (End of Year) Current assets $18,000 $50,000 Noncurrent assets 26,100 121,000 Total assets $44,100 $171,000 Current liabilities $10,000 $55,000 Long-term debt 17,200 45,000 Total stockholders' equity 16,900 71,000 Total liabilities and stockholders' equity $44,100 $171,000 Beginning-of-Year Balances Total assets $45,000 $163,000 Total stockholders' equity 13,900 64,000 Current liabilities 10,900 54,000 Total liabilities 31,100 99,000 Other Data Average net accounts receivable $7,900 $3,800 Average inventory 6,800 34,200 Net cash provided by operating activities 5,600 26,800 Capital expenditures 1,600 11,600 Dividends 520 4,200 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.85 or 1.85%.) Ratio Target Wal-Mart (1) Current ratio 1.8 :1 .91 :1 (2) Accounts receivable turnover 8.43 times 107.11 times (3) Average collection period 43 days 3.41 days (4) Inventory turnover 6.62 times 8.92 times (5) Days in inventory 55.14 days 40.92 days (6) Profit margin 6.59 % 3.29$ % (7) Asset turnover times times (8 ) Return on assets % % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % % (11) Times interest earned times times (12 ) Free cash flow $ $