Question

all of 14.5A please and thank you.

P14.5A (LO 3) Writing Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Compute selected ratios, and compare liquidity, profitability, and solvency for two companies. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Target Wal-Mart Corporation 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)

Answer 1

	1	Current ratio	Target Corporation	Wal-Mart Stores, Inc.
	Current ratio=	Current asset
		Current liabilities
	Current ratio=		18,424	48,331.00
			10,512	55,390.00
	Current ratio=		1.7527	0.8726
	2	Accounts receivable Turnover	Target Corporation	Wal-Mart Stores, Inc.
	Accounts receivable Turnover=	Credit sales
		Average Accounts receivable
	Note:-	It is assumed that all sales are credit sales only
		Accounts receivable Turnover=	65,357	408,214.00
			7,525	4,025.00
		Accounts receivable Turnover=	8.69	101.42
	3	Average collection period	Target Corporation	Wal-Mart Stores, Inc.
	Average collection period=	365	365	365
		Accounts receivable Turnover	8.69	101.42
	Average collection period=		42.02	3.60
	4	Inventory Turnover	Target Corporation	Wal-Mart Stores, Inc.
	Inventory Turnover=	Cost of goods sold
		Average inventory
	Inventory Turnover=		45,583	304,657
			6,942	33,836.00
	Inventory Turnover=		6.57	9.00