FIN 320 Module Four- Walmart 2018,2019 and 2020

1. Financial Data Using the same company you selected in Module Three, add another two years of financial statement data so that you have three years of annual data to review for historical analysis. In all, your Excel file must include the following: o Three worksheets of annual balance sheet data o Three worksheets of annual income statement data o Three worksheets of annual statement of cash flow data

2. Ratio Calculation On each data tab, use formulas to calculate the following financial indicators for each year of data: o Current ratio o Debt/equity ratio o Free cash flow o Earnings per share o Price/earnings ratio o Return on equity o Net profit margin

3. Written Responses In a separate Word document, respond to the following: o Describe how and why each of the ratios has changed over the three-year period. For example, did the current ratio increase or decrease? Why? Describe how three of the ratios you calculated for your company compare to the general industry. Find general industry data by entering your specific companys ticker symbol here. Be sure to watch the Mergent Online video (written instructions can be found here), as it will help you find the industry data