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Word Count: 219
The quick ratio also known as the acid test ratio is used to measure the short term liquidity of a company It basically measures the ability of a company to pay its current liabilities based on available cash short term investments and receivables Both Wal-Mart and target are multimillion dollars corporations and this has been widely known by many Based on information taken from both the companies financial statements which can be located on their websites a quick ratio was performed to measure the liquidity of both the companies for the year 2004 At first sight Wal-Marts earning seems to be a lot larger than Target For the 2004 year in their annual report Wal-Mart reported a net income of 9055 millions and target reported 3798 millions Wal-Mart obviously made a larger amount of money that Target Since the quick ratio measures the liquidity of a company Wal-Mart demonstrated a result showing 102 compared to targets 153 The quick ratio shows that although Wal-Mart is a much larger corporation in the year 2004 Target performed better In a news report posted on targets web site it is stated that Target performed well above the industries standard for that year and above their own projections Targets Financial Data Center References Targets Financial Data Center 2005 Retrieved November 4 2005 from wwwtargetcomfindatacenterNOV2005html
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