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Presentation/PPT
27/08/2022
P15-5, P. 739-740 Book Financial accounting Ed. 6 Selected financial data of Target and Wal-Mart for 2005 are presented here (in millions).Wal-MartStores, Inc.Income Statement Data for YearNet sales $45,682 – $285,222Cost of goods sold 31,445 – 219,793Selling and administrative expenses 10,480 – 51,354Interest expense 570 – 986Other income (expense) 1,157 – 2,767Income tax expense 1,146 – 5,589Net income $ 3,198 $ – 10,267Balance Sheet Data (End of Year)Current assets $13,922 – $ 38,491Noncurrent assets 18,371 – 81,732Total assets $32,293 – $120,223Current liabilities $ 8,220 – $ 42,888Long-term debt 11,044 – 27,939Total stockholders’ equity 13,029 – 49,396Total liabilities and stockholders’ equity $32,293 – $120,223Beginning-of-Year BalancesTotal assets $31,416 – $105,405Total stockholders’ equity 11,132 – 43,623Current liabilities 8,314 – 40,364Total liabilities 20,284 – 61,782Other DataAverage net receivables $4,845 – $ 1,485Average inventory 4,958 – 28,030Net cash provided by operating activities 3,821 – 15,044InstructionsA. For each company, compute the following ratios.(1) Current. (2) Receivables turnover. (3) Average collection period.(4) Inventory turnover. (5) Days in inventory. (6) Profit margin.(7) Asset turnover.(8) Return on assets(9) Return on common stockholders ‘equity.(10) Debt to total assets.(11) Times interest earned.B.Compare the liquidity, solvency, and profitability of the two companies.
Selected financial data of Target and WalMart for 2005 are presented here (in millions).Target WalMartCorporation Stores, Inc.Income Statement Data for YearNet sales $45,682 $285,222…
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