Financial data of target, Suppose selected financial data

Financial data of target

Assignment Help Financial Accounting

Reference no: EM13949425

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	$65,058			$412,070
Cost of goods sold	44,493			300,265
Selling and administrative expenses	14,313			80,030
Interest expense	670			2,152
Other income (expense)	(88)			(395)
Income tax expense	1,470			7,329
Net income	$ 4,024			$ 21,899

	Balance Sheet Data (End of Year)
Current assets	$18,846		$48,777
Noncurrent assets	25,173		120,791
Total assets	$44,019		$169,568
Current liabilities	$10,432		$55,783
Long-term debt	17,183		44,562
Total stockholders' equity	16,404		69,223
Total liabilities and stockholders' equity	$44,019		$169,568

	Beginning-of-Year Balances
Total assets	$43,699	$164,440
Total stockholders' equity	14,470	65,233
Current liabilities	10,130	55,092
Total liabilities	29,229	99,207

	Other Data
Average net accounts receivable	$7,545	$3,954
Average inventory	6,834	34,287
Net cash provided by operating activities	5,765	26,622
Capital expenditures	1,799	11,751
Dividends	512	4,215

(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 stockholders' 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.	$		$

Reference no: EM13949425

Questions Cloud

Is higgins liable for glenwood''s malpractice explain : Two lawyers, Glenwood and Higgins, formed a partnership. Glenwood failed to file Client's paperwork on time in a case, with adverse financial consequences to Client.

The three potential conflicts of interest : What are the three potential conflicts of interest that can take place during the auditing process? Explain.

Design an information system for grades, review &management : Design an information system for grades, review and management to be used by faculty, department administration and students.

Hector was employed by a machine shop : Hector was employed by a machine shop. One day he made a delivery for his employer and proceeded back to the shop. When he was four miles from the shop and on the road where it was located, he turned left onto another road to visit a friend. The frie..

Financial data of target : Suppose selected financial data of Target and Wal-Mart for 2014 are presented here in millions.

Empathy should be part of the criminal justice system : Take a position on this statement: Empathy should be part of the criminal justice system. Explain your position.

Critical legal thinking : Read the call-of-the-question carefully, and follow the instructions for each subject. Prepare four briefing papers using the APA format for research papers, and upload them as one document for your response.

Write an essay on famous defamation case : Write an essay on famous defamation case and 5 pages, list why the party is liable, list all steps for defamation, difference between actual malice, ect

Find cost per patient day using a functional-based approach : Calculate the cost per patient day using a functional-based approach. Calculate the cost per patient day using an activity-based approach.

User Account

All Pages