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Target and Walmart 67390

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Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year are
presented here (in millions).
Target  Walmart
Income Statement
Net sales   67,390  405,046
Cost of goods sold   45,725  304,657
Selling and administrative expenses   13,469  79,607
Interest expense   757  1,884
Other income (expense)   (2,944)  2,576
Income tax expense   1,575  7,139
Net income   2,920  14,335
Balance Sheet
Current assets   17,213  48,331
Noncurrent assets   26,492  122,375
Total assets   43,705  170,706
Current liabilities   10,070  55,561
Long-term debt   18,148  44,396
Total stockholders' equity   15,487  70,749
Total liabilities and stockholders' equity   43,705  170,706
Target Walmart
Beginning of year balances
Total assets   44,533  163,429
Total stockholders' equity   15,347  65,285
Current liabilities   11,327  55,390
Total liabilities   29,186  96,350
Other Data
Average net receivables   6,560  4,025
Average inventory   7,388  33,836
Net cash provided by operating activities   5,271  26,249
For each company, compute the following ratios.
 (1) Current.  (7) Asset turnover. 
(2) Receivables turnover.  (8) Return on assets. 
(3) Average collection period.  (9) Return on common stockholders' equity. 
(4) Inventory turnover.  (10) Debt to total assets. 
(5) Days in inventory. (11) Times interest earned. 

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