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WileyPlus accounting 1A question please help! Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Wal-Mart Stores,
WileyPlus accounting 1A question please help!
Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year $65,000 $406,000 46,000 306,000 14,800 76,000 Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense 660 2,200 (70) (390) 1,300 6,500 $ 2,170 $ 14,910 Net income Balance Sheet Data (End of Year) $19,000 $49,000 Current assets 26,100 123,000 Noncurrent assets $45,100 $172,000 Total assets $12,000 $55,000 Current liabilities 17.400 43,000 Long-term debt 15,700 74,000 Total stockholders' equity $45,100 $172.000 Total liabilities and stockholders' equity courses/110475//assignments Beginning-of-Year Balances Total assets $45,000 $162,000 Total stockholders' equity 12,900 66,000 Current liabilities 10,300 57,000 Total liabilities 32,100 96,000 Other Data Average net accounts receivable $8,000 $3,800 Average inventory 6,800 33,200 Net cash provided by operating activities 5,900 27,400 Capital expenditures 1,700 11,600 Dividends 510 4,200 (a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%) Wal-Mart Target Ratio 1.33 :1 :1 .8518 (1) Current ratio 8.60 times times 99.02 (2) Accounts receivable turnover 42.35 days 3.69 days (3) Average collection period (4) Inventory turnover 6.76 times 8.97 times 53.99 days 40.69 days (5) Days in inventory % 3.22 3.47 % (6) Profit margin 1.53 times 2.46 times (7) Asset turnover 8.53 (8) 4.94 % Return on assets (9) 16.17 Return on common stockholders' equity 21.03 %6 % 43.39 26.95 (10) Debt to assets ratio % (11) Times interest earned 6.0 times 11.8 times (12) Free cash flow $ 3680 $ 11100 Step by Step Solution
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