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Category > Accounting Posted 17 Aug 2017 My Price 12.00

Target and Wal-Mart

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
Net sales  

$65,732

    

$416,322

  
Cost of goods sold  

44,929

    

304,545

  
Selling and administrative expenses  

14,209

    

76,803

  
Interest expense  

730

    

1,934

  
Other income (expense)  

(84

)

  

(409

)
Income tax expense  

1,377

    

6,782

  
Net income  

$ 4,403

    

$ 25,849

  
             
   

Balance Sheet Data
(End of Year)
Current assets  

$18,132

    

$48,246

  
Noncurrent assets  

27,356

    

120,791

  
Total assets  

$45,488

    

$169,037

  
Current liabilities  

$11,375

    

$55,646

  
Long-term debt  

16,899

    

43,293

  
Total stockholdersAc€?c equity  

17,214

    

70,098

  
Total liabilities and stockholdersAc€?c equity  

$45,488

    

$169,037

  
             
   

Beginning-of-Year Balances
Total assets  

$44,915

    

$164,068

  
Total stockholdersAc€?c equity  

12,696

    

65,730

  
Current liabilities  

10,251

    

57,922

  
Total liabilities  

32,219

    

98,338

  
             
   

Other Data
Average net accounts receivable  

$7,401

    

$3,994

  
Average inventory  

7,168

    

33,681

  
Net cash provided by operating activities  

5,791

    

27,161

  
Capital expenditures  

1,766

    

12,169

  
Dividends  

460

    

3,931

  


(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
(1)   Current ratio.  

:1  

:1
(2)   Accounts receivable turnover.  

times  

times
(3)   Average collection period.  

days  

days
(4)   Inventory turnover.  

times  

times
(5)   Days in inventory.  

days  

days
(6)   Profit margin.  

%  

%
(7)   Asset turnover.  

times  

times
(8)   Return on assets.  

%  

%
(9)   Return on common stockholdersAc€?c equity.  

%  

%
(10)   Debt to assets ratio.  

%  

%
(11)   Times interest earned.  

times  

times
(12)   Current cash debt coverage.  

times  

times
(13)   Cash debt coverage.  

times  

times
(14)   Free cash flow.  

$

    

$

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 08:08 PM My Price 12.00

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