Suppose selected financial data of Target and Wal-Mart for 2017 are presented here (in millions). Target Corporation Wal-Mart Stores, Inc.

TargetWal-Mart

Target

Corporation

Wal-Mart

Stores, Inc.

Income Statement Data for Year

Net sales

Target $66,800

Walmart $413,000

Cost of goods sold

Target $46,000

Walmart $308,000

Selling and administrative expenses

Target $14,400

Walmart $77,000

Interest expense

Target $680

Walmart $1,800

Other income (expense)

Target (90)

Walmart (380)

Income tax expense

Target $1,400

Walmart $6,900

Net income

Target $4,230

 Walmart $18,920

 Balance Sheet Data

(End of Year)

Current assets

Target $18,000

Walmart $47,000

Noncurrent assets

Target $27,500

 Walmart $121,000

Total assets

Target $45,500

 Walmart $168,000

Current liabilities

Target $11,000

Walmart $54,000

Long-term debt

Target $16,800

Walmart $45,000

Total stockholders' equity

Target $17,700

Walmart $69,000

Total liabilities and stockholders' equity

Target $45,500

 Walmart $168,000

 Beginning-of-Year Balances

Total assets

Target $43,000

Walmart $162,000

Total stockholders' equity

Target $13,500

Walmart $64,000

Current liabilities

Target $10,500

Walmart $54,000

Total liabilities

Target $29,500

Walmart $98,000

Other Data

Average net accounts receivable

Target $7,700

Walmart $3,800

Average inventory

Target $6,800

Walmart $34,200

Net cash provided by operating activities

Target $5,600

Walmart $25,600

Capital expenditures

Target $1,800

Walmart $12,100

Dividends

Target $450

Walmart $4,300

(Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)

How do you find the Asset turnover?

How do you find the Return on assets?