Homework Help is Here – Start Your Trial Now!
Business
Accounting
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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Subject : Accounting

 

 

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: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.)
(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
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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS