Selected financial data for a recent year for two discount retail chains, Walmart Stores, Inc. and Target
Question:
Selected financial data for a recent year for two discount retail chains, Walmart Stores, Inc. and Target Corporation, are presented here (in USD millions, except for share price):
Instructions
(a) For each company, calculate the following values and ratios. Where available, industry averages have been included in parentheses.
1. Working capital (n/a)
2. Current ratio (1.1:1)
3. Debt to total assets (36.3%)
4. Earnings per share (n/a)
5. Price-earnings ratio (14.3 times)
(b) Compare the liquidity, solvency, and profitability of the two companies and their industry.
Transcribed Image Text:
Current assets Total assets Current liabilities Total liabilities Profit available to common shareholders Share price Weighted average number of common shares Walmart Target $48,331$18,424 44,533 11,327 29,186 2,488 48.26 752 170,706 55,561 97,777 14,335 53.43 3,866
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a in USD millions Walmart Target 1 Working capital 48331 55561 18424 11327 7230 7097 2 Current ratio ...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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