529 80% + CASE STUDY Financial Statements for Walmart Stores Inc. and Macy's Inc. Table 3-7 contains the financial results for Walmart and based on their supply chain strategy and structure? Com- Macy's for 2012. Evaluate the financial performance of pare the metrics for each company with similar metrics each company based on the various metrics discussed in for Amazon and Nordstrom from Table 3-1. Which met- Section 3.1, such as ROE, ROA, profit margin, asset rics does each company perform better on? What supply turns, APT, C2C, ART, INVT, and PPET. Can you chain drivers and metrics might explain this difference explain the differences you see in their performance in performance? Walmart Year ended January 31, 2013 (5 millions) Net operating revenues Cost of goods sold Gross profit Selling, general, and administrative expense Operating income Interest expense Other income (loss)-net Income before income taxes Income taxes Net income 469,162 352,488 116,674 88,873 27,801 2,251 187 25,737 7,981 17,756 Macy's 27.686 16,538 11,148 8,482 2,661 425 (134) 2,102 767 1,198 Assets Cash and cash equivalents Net receivables Inventories Total current assets Property, plant, and equipment Goodwill Other assets Total assets Liabilities and Stockholder Equity Accounts payable Short-term debt Total current liability Long-term debt Total liabilities Stockholder equity 7,781 6,768 43,803 59,940 116,681 20,497 5,987 203,105 1.836 371 5,308 7,876 8.196 3,743 615 20.991 59,099 12,719 71.818 41,417 126,243 76,343 4,951 124 5,075 6,806 14,940 6,051