Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $67,000 $410,000 Cost of goods sold 44,000 302,000 Selling and administrative expenses 14,300 81,000 Interest expense 700 2,000 Other income (expense) (85) (390) Income tax expense 1.400 7.000 Net income $6,515 $17.610 Current assets Noncurrent assets Total assets Current liabilities Contemdebt Total stockholders equity Total liabilities and stockholders equity Balance Sheet Data (End of Year) $17.000 $49.000 27.500 122.000 $44,500 $171.000 $10,000 $55,000 18.200 44,000 16,300 72.000 $44.500 $171.000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $43,000 $164,000 13,200 64,000 10.300 56,000 29,800 100,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data 57.400 $3,800 6,900 33,000 6,000 27,300 1,800 11,700 520 3,900 For each company, compute the following ratios (Round current ratio answers to 2 decimal places, es. 15.50 debt to assets radio and free cash flow answers to decimal places, 5, 5,275 and all answers to 1 decimal place, s. 18 or 1.83%) Ratio Target Wal-Mart (1) 1 Current ratio 121 Accounts recevable turnover Average collection period Inventory turnover (5) Dom in inventory - Ratio Target Wal-Mart Current ratio :1 :1 (2) times times (3) days days Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin times times (5) days dars 16) % (7) Asset turnover times * (8) Return on assets * 193 Return on common stockholders equity Debt to assets ratio (10) times Times interest earned (12) Free cash flow e Textbook and Media Attempts unlimited Site