Suppose selected financial data of Target and Wal-Mart for 2014 are presented he

Question

Suppose selected financial data of Target and Wal-Mart for 2014 are presented here (in millions).

Problem 13-5A Suppose selected financial data of Target and Wal-Mart for 2014 are presented here (in millions) Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $65,719 44,343 14,726 690 $407,974 304,513 76,609 2,126 (94 ) (383) 1,409 $4,457 6,881 $17,462 Balance Sheet Data End of Year Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders equity $17,809 26,378 $44,187 $11,712 17,966 14,509 $44,187 $46,545 120,214 $166,759 $54,445 43,715 68,599 $166,759

Explanation / Answer

Current Ratio 1.520577 :1 0.854899 :1 Accounts receivable turnover 8.679213 times 104.1281 times Average collection period 42.0545 days 3.505297 days Inventory turnover 6.163887 times 8.901807 times Days in inventory 59.21589 days 41.00291 days Profit Margin 6.78% % 4.28% % Asset turnover 1.487293 times 2.446489 times Return on assets 6.79% % 7.04% % Return on common shareeholder's equity 18.36% % 13.22% % Debt to asset ratio 40.66% % 26.21% % Times interest earned 4.652945 times 3.846679 times Current cash debt coverage 0.039456 times 0.034356 times Cash debt coverage 1.189803 times 2.366716 times

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