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ACC 556 financial accounting...
ACC 556 financial accounting for managers Target Corporation Wal-Mart Stores, Inc. Income Statement Data for Year Net sales $65,300 $417,000 Cost of goods sold 45,000 301,000 Selling and...
1 answer below »
ACC 556 financial accounting for managers
Target
Corporation
Wal-Mart
Stores, Inc.
Income Statement Data for Year
Net sales
$65,300
$417,000
Cost of goods sold
45,000
301,000
Selling and administrative expenses
14,000
79,000
Interest expense
660
1,800
Other income (expense)
(85
)
(380
)
Income tax expense
1,500
7,100
Net income
$4,055
$27,720
Balance Sheet Data
(End of Year)
Current assets
$16,000
$50,000
Noncurrent assets
27,400
121,000
Total assets
$43,400
$171,000
Current liabilities
$11,000
$54,000
Long-term debt
17,800
43,000
Total stockholders’ equity
14,600
74,000
Total liabilities and stockholders’ equity
$43,400
$171,000
Beginning-of-Year Balances
Total assets
$45,000
$162,000
Total stockholders’ equity
12,800
66,000
Current liabilities
10,800
54,000
Total liabilities
32,200
96,000
Other Data
Average net accounts receivable
$7,600
$3,800
Average inventory
7,100
33,200
Net cash provided by operating activities
5,600
27,400
Capital expenditures
1,600
12,100
Dividends
470
4,200
For each company, compute the following ratios.
(Round current ratio answers to 2 decimal places, e.g. 15.50, debt to assets ratio and free cash flow answers to 0 decimal places, e.g. 5,275 and all answers to 1 decimal place, e.g. 1.8 or 1.83%.)
Ratio
Target
Wal-Mart
(1)
Current ratio
enter the current ratio
:1
enter the current ratio
:1
(2)
Accounts receivable turnover
enter accounts receivable turnover in times
times
enter accounts receivable turnover in times
times
(3)
Average collection period
enter average collection period in days
days
enter average collection period in days
days
(4)
Inventory turnover
enter inventory turnover in times
times
enter inventory turnover in times
times
(5)
Days in inventory
enter days in inventory ratio
days
enter days in inventory ratio
days
(6)
Profit margin
enter percentages
%
enter percentages
%
(7)
Asset turnover
enter asset turnover in times
times
enter asset turnover in times
times
(8)
Return on assets
enter percentages
%
enter percentages
%
(9)
Return on common stockholders’ equity
enter percentages
%
enter percentages
%
(10)
Debt to assets ratio
enter percentages
%
enter percentages
%
(11)
Times interest earned
enter times interest earned
times
enter times interest earned
times
(12)
Free cash flow
$enter a dollar amount
$enter a dollar amount
Answered Same Day
Mar 21, 2022
Solution
Tanmoy
answered on
Mar 21 2022
99
Votes
SOLUTION.PDF
SOLUTION.PDF
Answer To This Question Is Available To Download
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