Suppose selected financial data of Target and Wal-Mart for 2014 are presented he
ID: 2497215 • Letter: S
Question
Suppose selected financial data of Target and Wal-Mart for 2014 are presented here (in millions).
Target
Corporation
Wal-Mart
Stores, Inc.
Income Statement Data for Year
$65,357
$408,214
45,583
304,657
15,101
79,607
707
2,065
(94
)
(411
)
1,384
7,139
$ 2,488
$ 14,335
Balance Sheet Data
(End of Year)
$18,424
$48,331
26,109
122,375
$44,533
$170,706
$11,327
$55,561
17,859
44,089
15,347
71,056
$44,533
$170,706
Beginning-of-Year Balances
$44,106
$163,429
13,712
65,682
10,512
55,390
30,394
97,747
Other Data
$7,525
$4,025
6,942
33,836
5,881
26,249
1,729
12,184
496
4,217
(a) For each company, compute the following ratios. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)
Target
Wal-Mart
Target
Corporation
Wal-Mart
Stores, Inc.
Income Statement Data for Year
Net sales$65,357
$408,214
Cost of goods sold45,583
304,657
Selling and administrative expenses15,101
79,607
Interest expense707
2,065
Other income (expense)(94
)
(411
)
Income tax expense1,384
7,139
Net income$ 2,488
$ 14,335
Balance Sheet Data
(End of Year)
$18,424
$48,331
Noncurrent assets26,109
122,375
Total assets$44,533
$170,706
Current liabilities$11,327
$55,561
Long-term debt17,859
44,089
Total stockholders’ equity15,347
71,056
Total liabilities and stockholders’ equity$44,533
$170,706
Beginning-of-Year Balances
Total assets$44,106
$163,429
Total stockholders’ equity13,712
65,682
Current liabilities10,512
55,390
Total liabilities30,394
97,747
Other Data
Average net accounts receivable$7,525
$4,025
Average inventory6,942
33,836
Net cash provided by operating activities5,881
26,249
Capital expenditures1,729
12,184
Dividends496
4,217
Explanation / Answer
Suppose selected financial data of Target and Wal-Mart for 2014 are presented he
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