The following file contains the condensed income statement and the balance sheet for Target Corporation $($TGT$).$ The page after that contains the financial ratios for Wal$-$Mart Stores Inc. $($WMT$).$ Click here for the file.

a$.$ Using this information and the formula sheet provided here, calculate

Liquidity ratios: Current ratio and quick ratio

Leverage ratios: Long$-$term debt ratio and times interest earned

Efficiency ratios: Inventory turnover and total assets turnover

Profitability ratios: Net profit margin and return on stockholders' equity for the year $2016$ for Target.

b$.$ Correctly interpret the ratios you calculated by providing a written explanation of each ratio and compare them to those of Wal$-$Mart.