Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).Net salesCost of goods soldSelling and administrative expensesInterest expenseOther income (expense)Income tax expenseNet incomeAverage net accounts receivableAverage inventoryNet cash provided by operating activitiesCapital expendituresDividends(1)(2)(3)(4)B(5)(6)(7)(8)Current assets(9)Noncurrent assetsTotal assetsTotal assetsTotal stockholders' equityCurrent liabilitiesTotal liabilities(10)(11)(12)RatioCurrent liabilitiesLong-term debtTotal stockholders' equityTotal liabilities and stockholders' equity$7,8007,1005,700Other Data1,800450Current ratioAccounts receivable turnoverAverage collection periodInventory turnoverDays in inventoryProfit marginAsset turnoverReturn on assetsWal-MartStores, Inc.Income Statement Data for YearDebt to assets ratioTimes interest earned$3,800Free cash flow33,40027,40012,000Return on common stockholders' equity4,400TargetCorporation$67,00044,00014,000660For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, eg. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and allanswers to 1 decimal place, eg. 1.8 or 1.83%)(70)1,400$6,870$413,000301,00075,0002,2007,000$27,390Balance Sheet Data(End of Year)$17,00026,000$43,000$10,00017,40015,600$43,000(410)$43,00014,10010,80028,900TargetBeginning-of-Year Balances$162,000:1timesdaystimesdays%123,000$172,000$54,000$172,000%times%$49,000%43.00075,000times64,00054,00098,000$Wal-Mart:1timesdaystimesdays%times%%%times

Ratio analysis is a financial analysis technique used to evaluate and interpret the relationships…

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Wal-Mart Stores, Inc. Income Statement Data for Year $413,000 301.000 75,000 2.200 $67,000 44,000 14,000 660 (70) 1,400 $6.870 (410) 7,000 $27,390

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Wal-Mart Stores, Inc. Income Statement Data for Year $413,000 301.000 75,000 2.200 $67,000 44,000 14,000 660 (70) 1,400 $6.870 (410) 7,000 $27,390

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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