Download Walmart, inc. $2022$ annual report $(10-$K$)$

Reformulate its balance sheet for the years $2021,2022$ and calculate: OA$,$ OL$,$ FA$,$ FL$,$ NOA, NFO

Reformulate its income statement for the years $2020-2022$ and calculate: NFE, NOPAT

Conduct profitability analysis:

a$.$ Compute ROCE for $2021$ and $2022$

b$.$ Compute FLEV, RNOA, and NFR and show that the relation between ROCE and these variables hold $($using Level $1$ analysis$)$

c$.$ Compute PM and ATO

d$.$ Compute the Operating Cycle and Required Financing Period

e$.$ Discuss you results $($a through d$).$ Explain the change in $2022$ relative to $2021$