Selected financial data of Target and Wal-Mart for a recent year are presented h

Question

Selected financial data of Target and Wal-Mart for a recent year are presented here (in millions).

Target
Corporation Wal-Mart
Stores, Inc. Income Statement Data for Year Net sales $61,471 $374,526 Cost of goods sold 41,895 286,515 Selling and administrative expenses 16,200 70,847 Interest expense 647 1,798 Other income (expense) 1,896 4,273 Income tax expense 1,776 6,908 Net income $ 2,849 $ 12,731 Balance Sheet Data (End of Year) Current assets $18,906 $ 47,585 Noncurrent assets 25,654 115,929 Total assets $44,560 $163,514 Current liabilities $11,782 $ 58,454 Long-term debt 17,471 40,452 Total stockholders%u2019 equity 15,307 64,608 Total liabilities and stockholders%u2019 equity $44,560 $163,514 Beginning-of-Year Balances Total assets $37,349 $151,587 Total stockholders%u2019 equity 15,633 61,573 Current liabilities 11,117 52,148 Total liabilities 21,716 90,014 Other Data Average net receivables $ 7,124 $ 3,247 Average inventory 6,517 34,433 Net cash provided by operating activities 4,125 20,354

Explanation / Answer

Target Corporation Wal-Mart Stores, Inc Current                      1.6                       0.8 Accounts receivable turnover                      8.6                  115.3 Average collection period                    42.3                       3.2 Inventory turnover                      6.4                       8.3 Days in inventory                    56.8                     43.9 Profit margin 4.6% 3.4% Asset turnover                      1.5                       2.4 Return on assets 7.0% 8.1% Return on common stockholders

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