CP$4-3($Static$)$ Comparing Companies within an Industry LO$4-1,4-3$

$[$Refer to the following: Target Corporation in Appendix B$,$ Walmart Incorporated in Appendix C$,$ and the Industry Ratio Report in Appendix D$.]$

Required:

$1.$ Compute the total asset turnover ratio on total operating revenues for both companies.

$2.$ Compared to each other, is the management of these two companies more or less effective at utilizing assets to generate sales?

$3.$ How does each company$$s management compare to the industry regarding the total asset turnover ratio?

$4.$ If both companies failed to record the adjusting entry for depreciation expense for the most recent year, what impact will that have on the total asset turnover ratio?

$5-$a$.$ For each company, calculate the percentage change from fiscal year ended in $2020$ to the fiscal year ended in $2021$ for each of the following accounts, rounded to two decimal places.

$5-$b$.$Which company$$s management was more effective at controlling costs between fiscal years ended $2020$ and $2021?$