K 10 Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).Wal-MartTargetCorporation Stores, Inc.Net salesCost of goods soldSelling and administrative expensesInterest expenseOther income (expense)Income tax expenseNet incomeCurrent assetsNoncurrent assets.Total assetsCurrent liabilitiesLong-term debtTotal stockholders' equityTotal liabilities and stockholders' equity(1)Total assetsTotal stockholders' equityCurrent liabilities(2)(3)Total liabilities(4)(5)(6)(7)(8)Average net accounts receivableAverage inventoryNet cash provided by operating activitiesCapital expendituresDividends(9)(10)(11)(12)RatioCurrent ratioAccountsreceivableturnoverAverage collectionperiodInventoryturnoverDays in inventoryProfit marginAsset turnoverReturn on assetsReturn oncommonstockholders'equityDebt to assetsratioTimes interestearnedIncome Statement Data forYearFree cash flow$65,90046,000$14,500Target660(85)1,400$3,255$16,00026,100$42,100$10,00017,10015,000$42,100Balance Sheet Data(End of Year)For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g.15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and all answersto 1 decimal place, e.g. 1.8 or 1.83%.):1timesdays%timesdays%$411,000307,000%77,000times%2,000Beginning-of-Year Balances$164,0007,100$ 17,490$49,000123.000times$172,000$43,00013,90010,90029,100(410)$54,00045,000$7,8007,00073,000$172,000Other Data5,6001,800470$65,00057,00099,000$4,10033,80027,40012,5003,700Wal-Mart:1timesdaystimesdays%timesxe%%times

Name: K 10 Selected hypothetical financial data of Target and Wal-Mart for 2
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Description: K 10 Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions).Wal-MartTargetCorporation Stores, Inc.Net salesCost of goods soldSelling and administrative expensesInterest expenseOther income (expense)Incom

1.Current ratio=current liabilites current assets 2.Account receivable turnover=Net Credit…

Business

Accounting

For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83 %.) (1) (2) (3) Ratio Current ratio Accounts receivable turnover Average collection period Target :1 times days Wal-Mart times days

For each company, compute the following ratios. (Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83 %.) (1) (2) (3) Ratio Current ratio Accounts receivable turnover Average collection period Target :1 times days Wal-Mart times days

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 89E: Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and...

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