? Unit 1: Chapter 13 Assignment g question | Chegg.com WileyPLUS Kimmel, Account

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? Unit 1: Chapter 13 Assignment g question | Chegg.com WileyPLUS Kimmel, Accounting, 6e Help I CALCULATORPRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Problem 13-5A AC202 - Chapter 13 Assignment Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions) Exercise 13-6 (Part Exercise 13-5 Problem 13-1A (Part 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 $66,700 46,000 14,700 650 $409,000 306,000 76,000 1,800 Review Score Review Results by Study Objective 420) 1,400 7,200 $3,855 17,580 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 $19,000 25,600 $44,600 $10,000 18,200 16,400 $44,600 $48,000 120,000 $168,000 $55,000 44,000 69,000 $168,000

Explanation / Answer

Target Walmart Current Ratio Current Assets A/ 1.9 0.87 Current Liabilities L 19000/10000 48000/55000 2) Accounts Receivable Turnover ratio 8.55 104.87 Sales/Avg Accounts rec 66700/7800 409000/3900 ans 3 Average collection period 42.68 3.48 Avg accounts receivable/sales*365 7800/66700*365 3900/409000*365 ans 4 Inventory Turnover 6.57 9.08 46000/7000 306000/33700 ans 5 Average sale period 55.54 40.20 Avg inventory/COGS*365 7000/46000*365 33700/306000*365 ans 6 Profit Margin 5.78 4.30 Net Income/sales*100 3855/66700*100 17580/409000*100 ans 7 Asset Turnover 1.52 2.48 Sales/Avg assets 66700/((44600+43000)/2) 409000/((162000+168000)/2) ans 8 Retun on Assets 8.80 10.65 Net Income/Avg assets*100 3855/((44600+43000)/2)*100 17580/((162000+168000)/2)*100 ans 9 Return on common stock 38.68 26.04 Net Income/Avg common stock equity*100 3855/((16400+13500)/3)*100 17580/((69000+66000)/2)*100 ans 10 Debt to Assets ratio 0.63 0.59 (10000+18200)/44600 (55000+44000)/168000 ans 1I Times interest earned ratio 9.23 15.00 EBIT/Interest (66700-46000-14700)/650 (409000-306000-76000)/1800 ans 12 Free cash flow 5140.00 14400.00 Net operationg cash flows-capital exp 5600-460 26800-12400 If any doubt please comment. If satisfiied you can rate

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