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(PLEASE SEE ATTACHED DOCUMENT) Problem 13-5A...

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(PLEASE SEE ATTACHED DOCUMENT) Problem 13-5A 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 $65,380 $415,836 Cost of goods sold 44,999 300,351 Selling and administrative expenses 14,927 77,202 Interest expense 690 1,949 Other income (expense) (76 ) (383 ) Income tax expense 1,360 7,222 Net income $ 3,328 $ 28,729 Balance Sheet Data (End of Year) Current assets $16,174 $47,571 Noncurrent assets 26,924 122,948 Total assets $43,098 $170,519 Current liabilities $10,720 $54,168 Long-term debt 18,375 43,168 Total stockholders? equity 14,003 73,183 Total liabilities and stockholders? equity $43,098 $170,519 Beginning-of-Year Balances Total assets $44,276 $162,550 Total stockholders? equity 13,595 64,266 Current liabilities 10,191 54,755 Total liabilities 30,681 98,284 Other Data Average net accounts receivable $7,789 $4,140 Average inventory 7,110 33,407 Net cash provided by operating activities 5,929 25,981 Capital expenditures 1,785 12,376 Dividends 482 3,988 (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. $ $ Don't show me this message again for the assignment Click if you would like to Show Work for this question: Open Show Work

 

Paper#11393 | Written in 18-Jul-2015

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