For fiscal year 2021, Walmart Inc. (WMT) had total revenues of $572.75 billion, net income of $13.67
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For fiscal year 2021, Walmart Inc. (WMT) had total revenues of $572.75 billion, net income of
$13.67 billion, total assets of $244.86 billion, and total shareholder’s equity of $83.25 billion.
a. Calculate Walmart’s ROE directly, and using the DuPont Identity.
b. Comparing with the data for Costco in Problem 41, use the DuPont Identity to understand the difference between the two firms’ ROEs.
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