Selected financial data of Target and Wal-Mart for 2005 are presented here (in millions)

	Target	Wal-Mart
	Corporation	Stores, Inc
	Income Statement Data for Year
Net Sales	$ 45,682	$ 285,222
Cost of goods sold	$ 31,445	$ 219,793
Selling and administrative expense	$ 10,480	$ 51,354
Interest expense	$ 570	$ 986
Other income (expense)	$ 1,157	$ 2,767
Income tax expense	$ 1,146	$ 5,589
Net income	$ 3,198	$ 10,267
	Balance Sheet Data (End of Year)
Current assets	$ 13,922	$ 38,491
Noncurrent asset	$ 18,371	$ 81,732
Total assets	$ 32,293	$ 120,223
Current liabilities	$ 8,220	$ 42,888
Long-term debt	$ 11,044	$ 27,939
Total stockholders’ equity	$ 13,029	$ 49,396
Total liabilities and stockholders’ equity	$ 32,293	$ 120,223
	Beginning-of-Year Balances
Total assets	$ 31,416	$ 105,405
Total stockholders’ equity	$ 11,132	$ 43,623
Current liabilities	$ 8,314	$ 40,364
Total liabilities	$ 20,284	$ 61,782
	Other Data
Average net receivables	$ 4,845	$ 1,485
Average inventory	$ 4,958	$ 28,030
Net cash provided by operating activities	$ 3,821	$ 15,044

Instructions:

1. For each company, compute the following ratios:

a. Current.

b. Receivables turnover.

c. Average collection period.

d. Inventory turnover.

e. Days in inventory.

f. Profit margin.

g. Asset turnover

h. Return on assets.

i. Return on common stockholders’ equity

j. Debt to total assets.

k. Times interest earned.

2. Compare the liquidity, solvency and profitability of the two companies.