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Walmart Stores Inc. and Target Corp.reported the following information in 2015 (excluding Target's discontinued operations): Total assets, 2015 Total assets, 2014 Revenue, 2015 Net income,
Walmart Stores Inc. and Target Corp.reported the following information in 2015 (excluding Target's discontinued operations): Total assets, 2015 Total assets, 2014 Revenue, 2015 Net income, 2015 Walmart Target (in U.S. $ millions) (in U.S. $ millions) $204,751 $78,315 203,490 79,651 485,651 72,618 16,363 2,449 Industry averages were as follows: profit margin, 2.7%; asset turnover, 3.7 times; and return on assets, 10.0%. (1) Profit margin (2) Asset turnover (3) Return on assets Walmart 3.4% 2.4 times 8.0% Target 3.4% 0.9 times 3.1% Comment on how effectively each company is using its assets to generate sales and earn net income. What additional information about long-lived assets would assist you in your comparison of these two companies
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