1. Perform a ratio analysis that includes ROA; ROE; Debt:Assets, and any other financial ratio you deem important.

Net Income	14,293,000,000
Total Assets	199,203,000,000
ROA	7.2%

Net Income	14,293,000,000
Stockholder's Equity	80,535,000,000
ROE	17.7%

Debts	118,290,000,000
Assets	198,825,000,000
Ratio	59.5%

2. Perform another ratio analysis with the ROA and Debt:Assets ratios except you will need to adjust for Goodwill and any Operating Lease obligations found in the footnotes.

Net income	14,293,000,000
Total Assets - Goodwill	182,166,000,000
ROA	7.9%

Debts + Operating Leases	136,429,000,000
Assets - Goodwill	182,166,000,000
Ratio	74.9%

3. You now need to discuss the revised ratio computations in Step 2 compared to Step 1. Please be sure to include ALL insights and related thoughts rather than just noting the differences in your computations. We are always taught the importance of the financial ratio analysis and the related insights derived; however, the revised ratio analysis you perform in Step 2 may yield additional insights into the organization. As a strategist, it is important to go beyond the standard financial ratio analysis. And, as part of your discussion you would be well advised to include dollar amounts that went into the computed ratios as part of your discussion.

4. You will next need to assess and discuss the Statement of Cash Flows of Walmart for the three years presented and then provide an in-depth discussion that includes your observations and any other insights. You may find it helpful to address EACH section presented as well as the overall cash flow health.

I have already answered question 1 and 2. Can you please answer question 3 for me?