Wal-Mart The 2006 Form 10-K for Wal-Mart can be found in Appendix A. Answer the following questions:

1. Locate Wal-Mart’s 2006 balance sheet. What percentage of its total assets consists of cash and cash equivalents? How much long-term debt does Wal-Mart have?

2. Find Wal-Mart’s 2006 income statement. Have revenues increased or decreased over the last three years? Is the rate of increase rising?
3. Find Wal-Mart’s statement of stockholders’ equity. Did Wal-Mart pay a dividend in 2006?
Did Wal-Mart buy or sell any stock in 2006?
4. Review Wal-Mart’s statement of cash flows. What activity generates most of Wal-Mart’s cash? What is Wal-Mart doing with all its money—buying back its own stock, investing in other companies, or something else?