Target Corporation is a major competitor of Walmart. The following data (in millions) were taken from recent financial statements of Target.
Income before taxes and interest................... $ 5,325
Total assets at the beginning of the year..... 43,705
Total assets at the end of the year.............. 46,630
1. Compute the rate of return for Target using the preceding data. Round to one decimal place.
2. Compare the rate of return for Walmart from FA1-4 to that of Target.