Question

Locate the audited financial statements in the 2019 Walmart Annual Report and 2019 Target Annual Report.

Perform the following ratios: Current, Quick, A/R Turnover/Inventory Turnover/Debt to Equity, times interest earned, gross profit, profit margin, return on assets, return on sales

Answer 1

		$ billion	$ billion
		Walmart	Target
	Current assets	61.897	12.52
	Current liability	77.477	15.01
	Inventory	44.27	9.50
	Turnover	514.40	75.36
	cost of goods sold	385.30	53.30
	Accounts receivable	-	-
	Debt	50.20	12.23
	Equity	79.63	11.30
	EBIT	21.96	4.11
	Interest expenses	2.40	0.48
	Gross profit- Sales- COGS	129.10	22.06
	Net profit	6.67	2.94
	Operating profit	21.95
	Total assets	219.30	41.29
1	Current ratio- (Current Assets/ Current Liability)	0.80	0.83
2	Quick ratio- ((Current assets- inventory)/ Current liability)	0.23	0.20
3	Inventory Turnover- cost of goods sold / Inventory	8.70	5.61
4	AR turnover ratio- Credit sales/ AR	-	-
5	Debt Equity- Debt/ Equity	0.63	1.08
6	times interest earned ratio- EBIT/ Interest	9.17	8.62
7	GP Ratio- GP/ COGS	0.34	0.41
8	Net Profit ratio- Net profit/ COGS	0.02	0.06
9	Profit Margin- Profit/ Sales	0.01	0.04
10	Return on assets- Net profit/ Total Assets	2.35	1.83
11	Return on sales-Operating profit/ Net sales	0.04	-