Wal-Mart Target (1/31/22) (1/31/22) Income Statement Data for Year $421,000 $65,000 Net sales Cost of goods sold 45,500 319,960 Selling and administrative expenses 16,250 88,410 Interest expense 650 4,210 Other income 20 4,300 4,452 Income taxes 917 $8,268 $1,703 Net income Wal-Mart Target Balance Sheet Data (End of Year) $19,680 $46,980 Current assets Noncurrent assets 33,000 122,000 $52,680 $168,980 Total assets Current liabilities $12,000 $54,000 Long-term liabilities 47,388 24,876 Total stockholders' equity 67,592 15,804 Total liabilities and stockholders' equity $52,680 $168,980 $4,600 $23,000 Net cash provided by operating activities $3,400 $11,700 Cash paid for capital expenditures $530 Dividends declared and paid on common stock $3,500 Weighted-average common shares outstanding (millions) 650 2,650 For each company, compute these values and ratios. (All dollars are in millions.) (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).) Target Wal-Mart (a) Working capital (b) Current ratio 1 :1 (c) Debt to assets ratio (d) Free cash flow $ $ Earnings per share (e) $ (f) Which company has better liquidity? Which company has better solvency? eTextbook and Media A tA tA