Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $61,471 $374,526 Cost of goods sold 41,895 286,515 Selling and administrative expenses 16,200

Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $61,471 $374,526 Cost of goods sold 41,895 286,515 Selling and administrative expenses 16,200 70,847 Interest expense 647 1,798 Other income (expense) 1,896 4,273 Income tax expense 1,776 6,908 Net income $ 2,849 $ 12,731 Balance Sheet Data (End of Year) Current assets $18,906 $ 47,585 Noncurrent assets 25,654 115,929 Total assets $44,560 $163,514 Current liabilities $ 11,782 $ 58,454 Long-term debt 17,471 40,452 Total stockholders' equity 15,307 64,608 Total liabilities and stockholders' equity $44,560 $163,514 Beginning-of-Year Balances Total assets $37,349 $151,587 Total stockholders' equity 15,633 61,573 Current liabilities 11,117 52,148 Total liabilities 21,716 90,014 Other Data Average net receivables $7,124 $ 3,247 Average inventory 6,517 34,433 Net cash provided by operating activities 4,125 20,354 Instructions For each company, compute the following ratios. (Round answers to 1 decimal place, e.g. 10.5.) Target Walmart (1) Current :1 :1 (2) Receivables 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 total assets % % (11) Times interest earned Click here if you would like to Show Work for this question

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Strayer University

2010th Custom Edition

0470603534, 978-0470603536

More Books

Students also viewed these Accounting questions