Target Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,000 45,000 14,100 710 $413,000 301,000 80,000 2,000 (85) (410) 1,300 7,500 $3,805 22,090 Balance Sheet Data (End of Year) Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $19,000 25,000 $44,000 $12,000 17,400 14,600 $44,000 $49,000 123,000 $172,000 $54,000 43,000 75,000 $172,000 Beginning-of-Year Balances Total assets Total stockholders equity Current liabilities Total liabilities $45,000 12,900 10,300 32,100 $162,000 56,000 56,000 96,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures $7,700 6,800 5,600 1,800 470 $4,100 34,400 25,500 12,300 3,600 (a) For each company, compute the following ratios Round current ratio to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%. Use 365 days in calculation. Ratio Target Wal-Mart (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 times times times days times times times times