View Policies Show Attempt History Current Attempt in Progress Partially correct answer iconYour answer is partially correct. 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 $66,900 $419,000 Cost of goods sold 45,000 309,000 Selling and administrative expenses 15,000 80,000 Interest expense 700 1,900 Other income (expense) (80 ) (390 ) Income tax expense 1,500 6,700 Net income $ 4,620 $ 21,010 Balance Sheet Data (End of Year) Current assets $17,000 $45,000 Noncurrent assets 26,700 120,000 Total assets $43,700 $165,000 Current liabilities $11,000 $55,000 Long-term debt 18,200 45,000 Total stockholders’ equity 14,500 65,000 Total liabilities and stockholders’ equity $43,700 $165,000 Beginning-of-Year Balances Total assets $43,000 $165,000 Total stockholders’ equity 12,600 64,000 Current liabilities 10,000 58,000 Total liabilities 30,400 101,000 Other Data Average net accounts receivable $7,700 $4,200 Average inventory 6,800 34,500 Net cash provided by operating activities 5,500 25,800 Capital expenditures 1,800 12,300 Dividends 490 4,200 For each company, com
pute 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 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.) Ratio Target Wal-Mart (1) Current ratio enter the current ratio :1 enter the current ratio :1 (2) Accounts receivable turnover enter accounts receivable turnover in times times enter accounts receivable turnover in times times (3) Average collection period enter average collection period in days days enter average collection period in days days (4) Inventory turnover enter inventory turnover in times times enter inventory turnover in times times (5) Days in inventory enter days in inventory ratio days enter days in inventory ratio days (6) Profit margin enter percentages % enter percentages % (7) Asset turnover enter asset turnover in times times enter asset turnover in times times (8) Return on assets enter percentages % enter percentages % (9) Return on common stockholders’ equity enter percentages % enter percentages % (10) Debt to assets ratio enter percentages % enter percentages % (11) Times interest earned enter times interest earned times enter times interest earned times (12) Free cash flow $enter a dollar amount $enter a dollar amount eTextbook and Media Save for Later Attempts: 1 of 3 used Submit Answer