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(a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio to 2 decimal places e.g. 1.85 and free cash flow to O decimal places and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) (1) (2) (3) Ratio Current ratio Accounts receivable turnover Average collection period Target :1 times days Walmart :1 times days

(a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio to 2 decimal places e.g. 1.85 and free cash flow to O decimal places and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) (1) (2) (3) Ratio Current 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
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selected hypothetical financial data of of Tatget and Walmart for 2022 are presented here (in millions).

Question 5 of 9 < > 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 Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid Walmart Target Corporation Inc. Income Statement Data for Year $409,000 303,000 76,000 2,100 (400) 6,700 $65,900 45,000 15,100 650 (95) 1,300 $3,755 $20,800 Balance Sheet Data (End of Year) $49,000 123,000 $16,000 25,700 $41,700 $11,000 17,300 13,400 $41,700 $172,000 $56,000 45,000 71,000 $172,000 Beginning-of-Year Balances $163,000 $45,000 12,500 10,000 32,500 Other Data $7,700 7,200 5,600 1,700 460 66,000 58,000 97,000 $3,800 33,600 26,200 11,500 3,900
Transcribed Image Text:Question 5 of 9 < > 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 Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Cash dividends paid Walmart Target Corporation Inc. Income Statement Data for Year $409,000 303,000 76,000 2,100 (400) 6,700 $65,900 45,000 15,100 650 (95) 1,300 $3,755 $20,800 Balance Sheet Data (End of Year) $49,000 123,000 $16,000 25,700 $41,700 $11,000 17,300 13,400 $41,700 $172,000 $56,000 45,000 71,000 $172,000 Beginning-of-Year Balances $163,000 $45,000 12,500 10,000 32,500 Other Data $7,700 7,200 5,600 1,700 460 66,000 58,000 97,000 $3,800 33,600 26,200 11,500 3,900
(a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio to 2 decimal places e.g. 1.85 and free cash flow to O decimal places and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow 69 Target :1 times days times days % times % % % times SA Walmart :1 times days times days times % % % times
Transcribed Image Text:(a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio to 2 decimal places e.g. 1.85 and free cash flow to O decimal places and all other answers to 1 decimal place, e.g. 1.8 or 1.8%.) (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow 69 Target :1 times days times days % times % % % times SA Walmart :1 times days times days times % % % times
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(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow Target 1.45 8.6 times FOOOOOOOO :1 42.6 days times days % times % % % times $ Walmart 0.86 :1 107.6 times 3.4 days OOOOOOOOO times days % times % % % times
Transcribed Image Text:(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Free cash flow Target 1.45 8.6 times FOOOOOOOO :1 42.6 days times days % times % % % times $ Walmart 0.86 :1 107.6 times 3.4 days OOOOOOOOO times days % times % % % times
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