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(1) (2) (3) Current ratio Ratio Accounts receivable turnover Average collection period Target :1 times days Walmart :1 times days

(1) (2) (3) Current ratio Ratio Accounts receivable turnover Average collection period Target :1 times days Walmart :1 times days

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid (1) (2) (3) (4) (5) (6) (7) Current ratio Ratio Accounts receivable turnover (a) For each company, compute the following ratios. Assume that all sales were on credit and that there is no preferred stock. (Enter free cash flow in millions. Round Current ratio to 2 decimal places, e.g. 1.67. Round Debt to assets ratio to 0 decimal places, e.g. 18 or 18%. Round all other answers to 1 decimal place, e.g. 1.6, or 1.6%. Use 365 days for calculation.) Average collection period Inventory turnover Days in inventory Profit margin 30,394 Asset turnover Other Data $7,525 6,942 5,881 1,729 496 97,747 Target $4,025 33,836 26,249 12,184 4,217 :1 times days times days % times Walmart :1 times days times days % times
Transcribed Image Text:Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid (1) (2) (3) (4) (5) (6) (7) Current ratio Ratio Accounts receivable turnover (a) For each company, compute the following ratios. Assume that all sales were on credit and that there is no preferred stock. (Enter free cash flow in millions. Round Current ratio to 2 decimal places, e.g. 1.67. Round Debt to assets ratio to 0 decimal places, e.g. 18 or 18%. Round all other answers to 1 decimal place, e.g. 1.6, or 1.6%. Use 365 days for calculation.) Average collection period Inventory turnover Days in inventory Profit margin 30,394 Asset turnover Other Data $7,525 6,942 5,881 1,729 496 97,747 Target $4,025 33,836 26,249 12,184 4,217 :1 times days times days % times Walmart :1 times days times days % times
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Target Corporation Income Statement Data for Year $65,357 45,583 15,101 707 (94) 1,384 $ 2,488 $18,424 26,109 Balance Sheet Data (End of Year) $44,533 $11,327 17,859 15,347 Walmart Inc. $44,533 $408,214 304,657 79,607 10,512 2,065 (411) 7,139 $ 14,335 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 Beginning-of-Year Balances $44,106 13,712 $163,429 65,682 55,390
Transcribed Image Text:Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Target Corporation Income Statement Data for Year $65,357 45,583 15,101 707 (94) 1,384 $ 2,488 $18,424 26,109 Balance Sheet Data (End of Year) $44,533 $11,327 17,859 15,347 Walmart Inc. $44,533 $408,214 304,657 79,607 10,512 2,065 (411) 7,139 $ 14,335 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 Beginning-of-Year Balances $44,106 13,712 $163,429 65,682 55,390
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