compare the liquidity, solvency, and profitability of the two companies Suppose selected financial data of Target and

compare the liquidity, solvency, and profitability of the two companies  

Transcribed Image Text:

Suppose selected financial data of Target and Wal-Mart for 2019 are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79.607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $2,488 $14,335 Current assets Noncurrent assets Total assets Current liabilities Balance Sheet Data (End of Year) $18.424 $48,331 26.109 122,375 $44,533 $170.706 $11,327 $55,561 Long-term debt 17,859 44,089 Total stockholders' equity 15.347 71.056 Total liabilities and stockholders' equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44.106 $163.429 Total stockholders' equity Current liabilities Total liabilities 13.712 65.682 10.512 55.390 30.394 97.747 Other Data Suppose selected financial data of Target and Wal-Mart for 2019 are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79.607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $2,488 $14,335 Current assets Noncurrent assets Total assets Current liabilities Balance Sheet Data (End of Year) $18.424 $48,331 26.109 122,375 $44,533 $170.706 $11,327 $55,561 Long-term debt 17,859 44,089 Total stockholders' equity 15.347 71.056 Total liabilities and stockholders' equity $44,533 $170,706 Beginning-of-Year Balances Total assets $44.106 $163.429 Total stockholders' equity Current liabilities Total liabilities 13.712 65.682 10.512 55.390 30.394 97.747 Other Data