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 Income Statement Data for Year Wal-Mart Stores, Inc. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income $61,471 41,895 16,200 647 1,896 ,776 $ 2,849 $374,526 286,515 70,847 1,798 4,273 6,908 $ 12,731 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 $18,906 25,654 $44,560 $11,782 17,471 15,307 $44,560 $ 47,585 115,929 $163,514 $58,454 40,452 64,608 $163,514

Explanation / Answer

5) Days in Inventory (Assuming number of days in a year = 360) - WALMART

Days in Inventory = Average Inventory x 360 / Cost of Goods Sold = 34,433 x 360 / 286,515 = 43.26 or 43.3 days

10) Debt To Assets Ratio

Total Debt (Year End Balance)

29253

98906

Total Assets (Year end balance)

44560

163514

Debt TO Asset (Total Debt / Total Assets x 100)

65.6%

10) Debt To Assets Ratio

Total Debt (Year End Balance)

29253

98906

Total Assets (Year end balance)

44560

163514

Debt TO Asset (Total Debt / Total Assets x 100)

65.6%

60.5%

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