Question: Please help with #11, that is incorrect. Thanks Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in

 Please help with #11, that is incorrect. Thanks Problem 18-05A a

Please help with #11, that is incorrect. Thanks

Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 5408,214 45,583 304,657 15.101 79,607 707 2.065 (411) 1.384 7.139 $ 2.488 $ 14,335 Balance Sheet Data (End of Year) $18.424 $48,331 26.109 122,375 $44,533 $170,706 $11,327 $55,561 17.859 44,089 15,347 71,056 $44,533 $170,706 Beginning-of-Year Balances $44,106 $163,429 13,712 65,682 10,512 55,390 30,394 97,747 Other Data 57.525 54,025 6,942 33,836 5,881 26,249 1,729 12,184 496 4,217 Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends (a) For each company, compute the following ratios. (Enter free cash flow in millions. Round Current ratio to place, e.g. 1.6, or 1.6%. Use 365 days for calculation.) Ratio Target Wal-Mart (1) Current ratio 1.63 :1 (2) Accounts receivable turnover times T 0.871 101.42 times 3.60 days (3) Average collection period Inventory turnover CI 2.00) (4) (5) (6) Days in inventory Profit margin S (7) Asset turnover times (8) Return on assets (9) Return on common stockholders' equity T. IBILE (10) Debt to assets ratio 20.97 58.38 % 11.60 times (11) Times interest earned times |

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!