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Selected hypothetical financial data of Target and Walmart for 2025 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 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures. Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Walmart Inc. Income Statement Data for Year Free cash flow Target Corporation $66,800 46.000 $ 14,400 680 (90) 1,400 $4,230 $18,000 27,500 (a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio answers to 2 decimal places, e.. $45,500 $11,000 Balance Sheet Data (End of Year) 16,800 13,500 10,500 29,500 $413,000 308,000 77,000 Other Data $7,700 6,800 5,600 1,800 1.800 (380) 6,900 450 $18,920 17,700 $45,500 $168,000 Beginning-of-Year Balances $43,000 $47,000 121,000 $168,000 $54,000 45,000 69,000 $162,000 64,000 54,000 98,000 $3,800 34,200 25,600 12,100 4,300 Target :1 times days times days % times % % % times $ Walmart :1 times days times days % times % % % times

Selected hypothetical financial data of Target and Walmart for 2025 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 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities Capital expenditures. Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned Walmart Inc. Income Statement Data for Year Free cash flow Target Corporation $66,800 46.000 $ 14,400 680 (90) 1,400 $4,230 $18,000 27,500 (a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio answers to 2 decimal places, e.. $45,500 $11,000 Balance Sheet Data (End of Year) 16,800 13,500 10,500 29,500 $413,000 308,000 77,000 Other Data $7,700 6,800 5,600 1,800 1.800 (380) 6,900 450 $18,920 17,700 $45,500 $168,000 Beginning-of-Year Balances $43,000 $47,000 121,000 $168,000 $54,000 45,000 69,000 $162,000 64,000 54,000 98,000 $3,800 34,200 25,600 12,100 4,300 Target :1 times days times days % times % % % times $ Walmart :1 times days times days % times % % % times

Cornerstones of Financial Accounting
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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Selected hypothetical financial data of Target and Walmart for 2025 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 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities. Capital expenditures Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ration Times interest earned Target Corporation Free cash flow Income Statement Data for Year $66,800 46,000 $ 14,400 680 (90) 1,400 $4,230 $18,000 27,500 $45,500 $11,000 Balance Sheet Data (End of Year) 16,800 17,700 $45,500 (a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio answers to 2 decimal places, e.g. 10,500 29,500 Other Data $7.700 Walmart Inc. 6,800 5,600 1.800 $413,000 308,000 77,000 450 Beginning-of-Year Balances $43,000 13,500 1,800 (380) 6,900 $18,920 $47,000 121,000 $168,000 $54,000 45.000 69,000 $168,000 $162,000 64,000 54,000 98,000 $3,800 34.200 25,600 12,100 4,300 Target :1 times days times days. % times % % % times $ Walmart :1 times days times days. % times % % % times
Transcribed Image Text:Selected hypothetical financial data of Target and Walmart for 2025 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 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Average net accounts receivable Average inventory Net cash provided by operating activities. Capital expenditures Cash dividends paid 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Ratio Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Profit margin Asset turnover Return on assets Return on common stockholders' equity Debt to assets ration Times interest earned Target Corporation Free cash flow Income Statement Data for Year $66,800 46,000 $ 14,400 680 (90) 1,400 $4,230 $18,000 27,500 $45,500 $11,000 Balance Sheet Data (End of Year) 16,800 17,700 $45,500 (a) For each company, compute the following ratios. Assume all sales were on credit. (Round current ratio answers to 2 decimal places, e.g. 10,500 29,500 Other Data $7.700 Walmart Inc. 6,800 5,600 1.800 $413,000 308,000 77,000 450 Beginning-of-Year Balances $43,000 13,500 1,800 (380) 6,900 $18,920 $47,000 121,000 $168,000 $54,000 45.000 69,000 $168,000 $162,000 64,000 54,000 98,000 $3,800 34.200 25,600 12,100 4,300 Target :1 times days times days. % times % % % times $ Walmart :1 times days times days. % times % % % times
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