Business, 07.06.2021 01:10 sallabar2496
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
Net sales
$67,000
$410,000
Cost of goods sold
44,000
302,000
Selling and administrative expenses
14,300
81,000
Interest expense
700
2,000
Other income (expense)
(85
)
(390
)
Income tax expense
1,400
7,000
Net income
$ 6,515
$ 17,610
Balance Sheet Data
(End of Year)
Current assets
$17,000
$49,000
Noncurrent assets
27,500
122,000
Total assets
$44,500
$171,000
Current liabilities
$10,000
$55,000
Long-term debt
18,200
44,000
Total stockholders’ equity
16,300
72,000
Total liabilities and stockholders’ equity
$44,500
$171,000
Beginning-of-Year Balances
Total assets
$43,000
$164,000
Total stockholders’ equity
13,200
64,000
Current liabilities
10,300
56,000
Total liabilities
29,800
100,000
Other Data
Average net accounts receivable
$7,400
$3,800
Average inventory
6,900
33,000
Net cash provided by operating activities
6,000
27,300
Capital expenditures
1,800
11,700
Dividends
520
3,900
(a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e. g. 1.83 or 1.83%.)
Ratio
Target
Wal-Mart
(1) Current ratio
Entry field with correct answer
:1
Entry field with correct answer
:1
(2) Accounts receivable turnover
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times
Entry field with incorrect answer
times
(3) Average collection period
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days
Entry field with incorrect answer
days
(4) Inventory turnover
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times
Entry field with incorrect answer
times
(5) Days in inventory
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days
Entry field with incorrect answer
days
(6) Profit margin
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%
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%
(7) Asset turnover
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times
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times
(8) Return on assets
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%
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%
(9) Return on common stockholders’ equity
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%
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%
(10) Debt to assets ratio
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%
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%
(11) Times interest earned
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times
Entry field with incorrect answer
times
(12) Free cash flow $
Entry field with incorrect answer
$
Entry field with incorrect answer
Answers: 3
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Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions).
T...
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