Solution-Compute the debts to totals assets ratio for each

Compute the debts to totals assets ratio for each company

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Reference no: EM131596824

Problem -

Selected financial data of Target and Wal-Mart Stores, Inc. for a recent year are presented here (in millions).

	Target Corporation	Wal-Mart Stores, Inc.
	Income Statement Data for Year
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 Data (End of Year)
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

	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	98,144

	Other Data
Average net accounts receivable	$ 6560	$ 4,025
Average inventory	7,388	33,836
Net cash provided by operating activities	5,271	26,249

Assume that net sales given are the net credit sales.

Compute the Debts To Totals Assets ratio for each company.

Reference no: EM131596824

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Compute the debts to totals assets ratio for each company

Reference no: EM131596824

Reference no: EM131596824

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