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Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions).
| | Target Corporation | | Wal-Mart Stores, Inc. |
| | Income Statement Data for Year |
Net sales | | | $65,600 | | | $418,000 | |
Cost of goods sold | | | 45,000 | | | 310,000 | |
Selling and administrative expenses | | | 14,300 | | | 75,000 | |
Interest expense | | | 720 | | | 2,200 | |
Other income (expense) | | | (90 | ) | | (380 | ) |
Income tax expense | | | 1,400 | | | 6,900 | |
Net income | | | $ 4,090 | | | $ 23,520 | |
| | | | | | | |
| | Balance Sheet Data (End of Year) |
Current assets | | | $18,000 | | | $47,000 | |
Noncurrent assets | | | 26,100 | | | 121,000 | |
Total assets | | | $44,100 | | | $168,000 | |
Current liabilities | | | $10,000 | | | $55,000 | |
Long-term debt | | | 18,300 | | | 43,000 | |
Total stockholders equity | | | 15,800 | | | 70,000 | |
Total liabilities and stockholders equity | | | $44,100 | | | $168,000 | |
| | | | | | | |
| | Beginning-of-Year Balances |
Total assets | | | $44,000 | | | $165,000 | |
Total stockholders equity | | | 13,200 | | | 66,000 | |
Current liabilities | | | 10,800 | | | 54,000 | |
Total liabilities | | | 30,800 | | | 99,000 | |
| | | | | | | |
| | Other Data |
Average net accounts receivable | | | $7,900 | | | $4,100 | |
Average inventory | | | 7,100 | | | 34,100 | |
Net cash provided by operating activities | | | 5,700 | | | 25,900 | |
Capital expenditures | | | 1,600 | | | 11,500 | |
Dividends | | | 520 | | | 4,200 | |
(a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)
( are the questions i answered correct? Im trying to figure out if im doing it right.)
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