View Policies Current Attempt in Progress Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Wal-Mart 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 Balance Sheet Data (End of Year) Current assets $17,000 $49,000 Noncurrent assets 27,500 122,000 Total assets $44.500 $171.000 Question 1 of 10 Balance Sheet Data (End of Year) Current assets $17,000 $49,000 Noncurrent assets 27,500 122,000 Total assets $44,500 $171,000 Current liabilities $10,000 $55,000 Long-term debt 18,200 44,000 Total stockholders' equity 16,300 72,000 Total liabilities and stockholders' equity $44,500 $171,000 Beginning-of-Year Balances Total assets $43,000 $164,000 Total stockholders' equity 13.200 64,000 Current liabilities 10,300 56,000 Total liabilities 29,800 100,000 Other Data Average net accounts receivable $7,400 $3,800 Average inventory 6,900 33,000 Question 1 of 10 Other Data Average net accounts receivable $7,400 $3,800 Average inventory 6,900 33,000 Net cash provided by operating activities 6,000 27,300 Capital expenditures 1,800 11,700 Dividends 520 3,900 For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow- answers to 1 decimal place, eg. 1.8 or 1.83%) Ratio (1) Current ratio (2) Accounts receivable turnover (3) Average collection period (4) Inventory turnover (5) Days in inventory (6) Profit margin Target :1 times Wal-Mart :1 times days days times times days days 96 % Question 1 of 10 Ratio Target :1 Wal-Mart 1 I (1) Current ratio (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover (5) Days in inventory days times times days (6) Profit margin % % times times (7) Asset turnover (8) Return on assets % e % (9) Return on common stockholders' equity % % (10) Debt to assets ratio % times times (11) Times interest earned (12) Free cash flow