Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $67,000 $410,000 Cost of goods...
|
Target |
Wal-Mart |
|||
|---|---|---|---|---|
|
Income Statement Data for Year |
||||
|
Net sales |
$67,000 |
$410,000 |
||
|
Cost of goods sold |
44,890 |
287,000 |
||
|
Selling and administrative expenses |
16,080 |
77,900 |
||
|
Interest expense |
670 |
3,280 |
||
|
Other income |
20 |
4,000 |
||
|
Income taxes |
1,883 |
16,037 |
||
|
Net income |
$ 3,497 |
$ 29,783 |
||
|
Target |
Wal-Mart |
|||
|---|---|---|---|---|
|
Balance Sheet Data (End of Year) |
||||
|
Current assets |
$21,160 |
$ 45,360 |
||
|
Noncurrent assets |
27,000 |
111,000 |
||
|
Total assets |
$48,160 |
$156,360 |
||
|
Current liabilities |
$11,500 |
$ 56,000 |
||
|
Long-term liabilities |
22,212 |
37,816 |
||
|
Total stockholders’ equity |
14,448 |
62,544 |
||
|
Total liabilities and stockholders’ equity |
$48,160 |
$156,360 |
||
|
Net cash provided by operating activities |
$5,200 | $23,400 | ||
|
Cash paid for capital expenditures |
$3,700 | $11,800 | ||
|
Dividends declared and paid on common stock |
$450 | $3,400 | ||
|
Weighted-average common shares outstanding (millions) |
650 | 3,950 | ||
For each company, compute these values and ratios. (All dollars are
in millions.) (Round Current ratio
and Earnings per share to 2
decimal places, e.g. 15.25 and Debt to assets ratio to 1 decimal
place, e.g. 78.9%. If answer is negative enter it with a negative
sign preceding the number e.g. -15,000 or in parentheses e.g.
(15,000).)
| Target | Wal-Mart | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| (a) |
Working capital |
$ | enter a dollar amount for working capital for Target | $ | enter a dollar amount for working capital for Wal-Mart | ||||
| (b) |
Current ratio |
enter the current ratio for Target rounded to 2 decimal places :1 | enter the current ratio for Wal-Mart rounded to 2 decimal places | :1 | |||||
| (c) |
Debt to assets ratio |
enter debt for assets ratio for Target in percentages rounded to 1 decimal place % | enter debt for assets ratio for Wal-Mart in percentages rounded to 1 decimal place | % | |||||
| (d) |
Free cash flow |
$ | enter a dollar amount for free cash flow for Target | $ | enter a dollar amount for free cash flow for Wal-Mart | ||||
| (e) |
Earnings per share |
$ | enter a dollar amount for earnings per share for Target rounded to 2 decimal place | $ | enter a dollar amount for earnings per share for Wal-Mart rounded to 2 decimal place |
| (f) |
Which company has better liquidity? |
select between Target or Wal-Mart TargetWal-Mart | |
|---|---|---|---|
|
Which company has better solvency? |
select between Target or Wal-Mart TargetWal-Mart |
Homework Answers
Calculate following
| Target | Wal-mart | |
| 1. working capital | 21160-11500 = 9660 | 45360-56000 = -10640 |
| 2. Current ratio | 21160/11500 = 1.84:1 | 45360/56000 = 0.81:1 |
| 3. Debt to assets ratio | 33712/48160 = 70% | 93816/156360 = 60% |
| 4. Free cash flow | 1050 | 8200 |
| 5. Earning per share | 5.38 | 7.54 |
| (f) |
Which company has better liquidity? |
Target | |
|---|---|---|---|
|
Which company has better solvency? |
Wal-mart |
Add Answer to:
Target
(1/31/22)
Wal-Mart
(1/31/22)
Income Statement Data for Year
Net sales
$67,000
$410,000
Cost of goods...
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