2.4 Interrelationship of the Financial Statements. The following is a consolidated balance sheet and income statement for Wal-

Mart for the fiscal years ended January 31, 1998 and 1999.

A. Compute the annual dollar change in each balance sheet line item (excluding totals and subtotals). Indicate if that change is a source or use of cash.

B. Combining the information below , construct Wal-Mart’s 1999 Cash Flow Statement:

Transcribed Image Text:

Balance Sheet Changes ($ Millions) 1998 1999 Source Use Cash and Marketable Securities $ 1,447 $ 1,879 $ $ 432 Accounts Receivable 976 1,118 Inventory 16,497 17,076 Prepaid Expenses and Other 432 1,059 Total Current Assets 19,352 21,132 Gross Plant, Property, and Equipment 30,416 34,464 Less: Accumulated Depreciation (6,810) (8,491) Net, Plant, Property, and Equipment 23,606 25,973 Charges Other Assets and Deferred Total Assets 2,426 2,891 $ 45,384 $ 49,996 $ Accounts Payable $ 9,126 $ Accrued Liabilities 3,628 10,257 $ 4,998 1,131 $ Accrued Income Taxes 565 501 Long-Term Debt Due in One Year 1,141 1,006 Total Current Liabilities 14,460 16,762 Long-Term Debt 9,674 9,607 Deferred Income Taxes and Other 2,747 2,515 Shareholders' Equity 18,503 21,112 Total Liabilities and Equity $ 45,384 $ 49,996