Question 3 View Policies Current Attempt in Progress Suppose selected financial data of Target and Wal-Mart for 2019 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 Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,400 $418,000 44,000 309,000 15,000 79,000 740 2,100 (90) (380) 1,400 7,300 $4,170 $20,220 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $19,000 $50,000 26,700 121,000 $45,700 $171,000 $11,000 $55,000 18,500 45,000 16,200 71,000 $45,700 $171,000 Total assets Total stockholders' equity Current liabilities Total liabilities Beginning-of-Year Balances $44,000 $165,000 12,800 64,000 10,600 58,000 31,200 101,000 Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures Dividends Other Data $8,000 6,900 5,500 1,800 450 3 $3,900 34,500 25,800 11,700 4,500 For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.85 or 1.85%.) Ratio Target Wal-Mart (1) Current ratio (2) Accounts receivable turnover times times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin (7) Asset turnover times times (8) Return on assets (9) Return on common stockholders' equity (10) Debt to assets ratio (11) Times interest earned times times (12) Free cash flow e Textbook and Media