Homework Answers
a) Working capital= Current assets-Current liabilities
Target= $18240-12000= $6240
Wal-Mart= $40700-55000= $-14300
b) Current ratio= Current assets/Current liabilities
Target= $18240/12000= 1.52
Wal-Mart= $40700/55000= 0.74
c) Debt to assets ratio= Total debts/Total assets
Target= ($12000+22468)/49240= 70%
Wal-Mart= ($55000+42774)/157700= 62%
d) Free cash flow= Net cash provided by operating activities-Cash paid for capital expenditures-Dividend declared and paid on common stock
Target= $4700-3500-550= $650
Wal-Mart= $23600-12000-3400= $8200
e) Earnings per share= (Net income-Preferred dividend)/Weighted average common shares outstanding
Target= ($3159-0)/780= $4.05
Wal-Mart= ($35815-0)/4940= $7.25
| Target | Wal-Mart | |||
| a) Working capital | $6240 | $-14300 | ||
| b) Current ratio | 1.52 | :1 | 0.74 | :1 |
| c) Debt to assets ratio | 70 | % | 62 | % |
| d) Free cash flow | $650 | $8200 | ||
| e) Earnings per share | $4.05 | $7.25 |
f) Which company has better liquidity? Target
Which company has better solvency? Wal-Mart
NOTE:- For any problem regarding the answer please ask in the comment section.
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ted financial data of two competitors, Target and Wal-Mart, are presented he were taken from the...
Please explain answers in detail. Selected financial data of two competitors, Target and Wal-Mart, are presented...
Please explain answers in detail.
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $69,000 $425,000 Cost of goods sold 46,230 297,500 Selling and administrative expenses 17,250 72,250 Interest expense 690 4,250 Other income 30 4,100 Income taxes 1,701 19,285 Net income $3,159 $ 35,815 Target Wal-Mart Balance...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2,023 14,210 $ 3,757 $ 26,390 Target Wal-Mart Balance Sheet Data (End of...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16.000 72,900 640 4,050 20 4,150 2,023 14,210 $3,757 $ 26,390 Current assets Noncurrent assets Total assets Current liabilities...
i need help on question A and D Selected financial data of two competitors, Target and...
i need help on question A and D
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 • 291,600 16,000 72.900 640 4,050 20 4,150 2,023 14,210 $3,757 $...
Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $67,000 $410,000 Cost of goods...
Target (1/31/22) Wal-Mart (1/31/22) 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...
Target Wal-Mart (a) Working capital 6,600,0006800000 (b) Current ratio 1.58 88 :1 (c) Debt to assets...
Target Wal-Mart (a) Working capital 6,600,0006800000 (b) Current ratio 1.58 88 :1 (c) Debt to assets ratio 25 33.33% (d) Free cash flow (e) Earnings per share $ (f) Which company has better liquidity? Target 4.07 Which company has better solvency? Wal-Mart Click if you would like to Show Work for this question Open Show Work Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 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...
Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here...
Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,357 $408,214 Cost of goods sold 45,583 304,657 Selling and administrative expenses 15,101 79,607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $ 2,488 $ 14,335 Balance Sheet Data (End of Year) Current assets $18,424 $48,331 Noncurrent assets 26,109 122,375 Total assets...
Problem 13-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here...
Problem 13-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Wal-Mart Target Stores, Corporation Inc. Income Statement Data for Year $66,700 $409,000 46,000 306,000 14,700 76,000 650 1,800 (95) (420) 1,400 7,200 $3,855 $17,580 Net income Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $19,000 $48,000 25,600 120,000 $44,600 $168,000...
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions)....
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 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...
Please explain answers in detail.
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Target (1/31/22) Wal-Mart (1/31/22) Income Statement Data for Year Net sales $69,000 $425,000 Cost of goods sold 46,230 297,500 Selling and administrative expenses 17,250 72,250 Interest expense 690 4,250 Other income 30 4,100 Income taxes 1,701 19,285 Net income $3,159 $ 35,815 Target Wal-Mart Balance...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16,000 72,900 640 4,050 20 4,150 2,023 14,210 $ 3,757 $ 26,390 Target Wal-Mart Balance Sheet Data (End of...
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net Income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 291,600 16.000 72,900 640 4,050 20 4,150 2,023 14,210 $3,757 $ 26,390 Current assets Noncurrent assets Total assets Current liabilities...
i need help on question A and D
Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the 2022 financial statements of each company. Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income Income taxes Net income Target Wal-Mart (1/31/22) (1/31/22) Income Statement Data for Year $64,000 $405,000 41,600 • 291,600 16,000 72.900 640 4,050 20 4,150 2,023 14,210 $3,757 $...
Target Wal-Mart (a) Working capital 6,600,0006800000 (b) Current ratio 1.58 88 :1 (c) Debt to assets ratio 25 33.33% (d) Free cash flow (e) Earnings per share $ (f) Which company has better liquidity? Target 4.07 Which company has better solvency? Wal-Mart Click if you would like to Show Work for this question Open Show Work Selected financial data of two competitors, Target and Wal-Mart, are presented here. (All dollars are in millions.) Suppose the data were taken from the...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 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...
Problem 13-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Wal-Mart Target Stores, Corporation Inc. Income Statement Data for Year $66,700 $409,000 46,000 306,000 14,700 76,000 650 1,800 (95) (420) 1,400 7,200 $3,855 $17,580 Net income Current assets Noncurrent assets Total assets Balance Sheet Data (End of Year) $19,000 $48,000 25,600 120,000 $44,600 $168,000...
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity 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...
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