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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses

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Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,600 $410,000 44,000 308,000 14,600 75,000 690 2,100 (90) (420) 1,400 7,300 $4,820 $ 17,180 Balance Sheet Data (End of Year) $17,000 $48.000 26,700 120,000 Current assets Noncurrent assets Noncurrent assets 26,700 $43,700 Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity $11,000 17,000 15,700 $43,700 120,000 $168,000 $56,000 45,000 67,000 $168,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $45,000 $165,000 13,600 66,000 10,000 58,000 31,400 99,000 Other Data Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures $7,800 6.900 5,700 1,800 $4,000 34,500 26,900 12.400 SOVIE Capital expenditures Dividends 1.800 450 12,400 3,600 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and free cash flow answers to decimal places, eg. 5,275 and all answers to 1 decimal place, 08. 18 or 1.83%) Target Wal-Mart 1 (1) 12 times times Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover days (3) days 14) times times (5) days days Days in Inventory 96 (6) Profit margin times times (7) Asset turnover 16) Profit margin 36 x (7 Asset turnover times times (8) % % X X 19) Return on assets Return on common stockholders equity Debt to assets ratio (10) % times times Times interest earned (12) $ $ Free cash flow

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