Current Attempt in Progress Selected financial data of two competitors, Target and Walmart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2025 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity Target (1/31/25) Walmart (1/31/25) Income Statement Data for Year $74,000 48,840 17,760 740 20 2,338 $4,342 Weighted-average common shares outstanding (millions) $410,000 311,600 69,700 4,100 4,000 10,010 $ 18,590 Target (1/31/25) Walmart (1/31/25) Balance Sheet Data (End of Year) $14,400 $ 40,150 35,000 129,000 $49,400 $169,150 $ 55,000 $9,000 25,827 14,573 $49,400 650 43,107 71,043 $169,150 2,600 For each company, compute these values and ratios. (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g.-15,000 or in parentheses
Current Attempt in Progress Selected financial data of two competitors, Target and Walmart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2025 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Current assets Noncurrent assets Total assets Current liabilities Long-term liabilities Total stockholders' equity Total liabilities and stockholders' equity Target (1/31/25) Walmart (1/31/25) Income Statement Data for Year $74,000 48,840 17,760 740 20 2,338 $4,342 Weighted-average common shares outstanding (millions) $410,000 311,600 69,700 4,100 4,000 10,010 $ 18,590 Target (1/31/25) Walmart (1/31/25) Balance Sheet Data (End of Year) $14,400 $ 40,150 35,000 129,000 $49,400 $169,150 $ 55,000 $9,000 25,827 14,573 $49,400 650 43,107 71,043 $169,150 2,600 For each company, compute these values and ratios. (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g.-15,000 or in parentheses
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject : Accounting
Transcribed Image Text:Current Attempt in Progress
Selected financial data of two competitors, Target and Walmart, are presented here. (All dollars are in millions.) Suppose the data were
taken from the 2025 financial statements of each company.
Net sales
Cost of goods sold
Selling and administrative expenses
Interest expense
Other income
Income taxes
Net income
Current assets
Noncurrent assets
Total assets
Current liabilities
Long-term liabilities
Total stockholders' equity
Total liabilities and stockholders' equity
Target
(1/31/25)
Walmart
(1/31/25)
Income Statement Data for Year
$74,000
48,840
17,760
740
20
2,338
$4,342
Weighted-average common shares outstanding (millions)
$410,000
311,600
69,700
4,100
4,000
10,010
$ 18,590
Target
(1/31/25)
Walmart
(1/31/25)
Balance Sheet Data (End of Year)
$14,400
$ 40,150
35,000
129,000
$49,400
$169,150
$ 55,000
$9,000
25,827
14,573
$49,400
650
43,107
71,043
$169,150
2,600
For each company, compute these values and ratios. (Round Current ratio and Earnings per share to 2 decimal places, e.g. 15.25 and Debt to
assets ratio to 1 decimal place, e.g. 78.9%. If answer is negative enter it with a negative sign preceding the number e.g.-15,000 or in parentheses
e.g. (15,000). Enter amounts in millions.)
Transcribed Image Text:(a) Working capital
(b) Current ratio
Debt to assets ratio
$
(d) Earnings per share $
Target
(e) Which company has better liquidity?
Which company has better solvency?
:1
<
$
$
Walmart
:1
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