Question
Hello need assistance with preparing 4 ratio analyses (for 2019, 2018, and 2017) for the following company using the financial statement information provided below. 1.
Hello need assistance with preparing 4 ratio analyses (for 2019, 2018, and 2017) for the following company using the financial statement information provided below.
1. Profitability ratios - Gross Profit margin, Profit margin, Return on assets, & Return on equity
2. Productivity : Inventory Turnover, Accounts Receivable Turnover, PPE Turnover, & Asset Turnover
3. Solvency : Debt-to-equity, Times interest earned, & Return on Financial leverage
4 . Liquidity : Current Ratio, Quick Ratio, Operating cash flow to current liabilities, & Working capital
NOTE: 2016 BALANCE SHEET INFORMATION TO BE USED ONLY FOR RATIOS
WALMART
As Reported Annual Balance Sheet
Report Date 2019 2018 2017 2016
Scale Thousands Thousands Thousands Thousands
Assets
Cash & cash equivalents 9,465,000 7,722,000 6,756,000 6,867,000
Receivables, net 6,284,000 6,283,000 5,614,000 5,835,000
Inventories 44,435,000 44,269,000 43,783,000 43,046,000
Prepaid expenses & other current assets 1,622,000 3,623,000 3,511,000 1,941,000
Total current assets 61,806,000 61,897,000 59,664,000 57,689,000
Property & equipment, net 105,208,000 104,317,000 107,675,000 107,710,000
Operating lease right-of-use assets 17,424,000 0 0 0
Finance lease right-of-use assets, net 4,417,000 0 0 0
Property under capital lease & financing obligations, net 0 7,078,000 7,143,000 6,468,000
Goodwill 31,073,000 31,181,000 18,242,000 17,037,000
Other long-term assets 16,567,000 14,822,000 11,798,000 9,921,000
Total assets 236,495,000 219,295,000 204,522,000 198,825,000
Liabilities & Equity
Short-term borrowings 575,000 5,225,000 5,257,000 1,099,000
Accounts payable 46,973,000 47,060,000 46,092,000 41,433,000
Accrued liabilities 22,296,000 22,159,000 22,122,000 20,654,000
Accrued income taxes 280,000 428,000 645,000 921,000
Long-term debt due within one year 5,362,000 1,876,000 3,738,000 2,256,000
Operating lease obligations due within one year 1,793,000 0 0 0
Finance lease obligations due within one year 511,000 0 0 0
Capital lease & financing obligations due within one year 0 729,000 667,000 565,000
Total current liabilities 77,790,000 77,477,000 78,521,000 66,928,000
Long-term debt 43,714,000 43,520,000 30,045,000 36,015,000
Long-term operating lease obligations 16,171,000 0 0 0
Long-term finance lease obligations 4,307,000 0 0 0
Long-term capital lease & financing obligations 0 6,683,000 6,780,000 6,003,000
Deferred income taxes & other liabilities 12,961,000 11,981,000 8,354,000 9,344,000
Total Liabilities 154,943,000 139,661,000 123,700,000 118,290,000
Common stock 284,000 288,000 295,000 305,000
Capital in excess of par value 3,247,000 2,965,000 2,648,000 2,371,000
Retained earnings (accumulated deficit) 83,943,000 80,785,000 85,107,000 89,354,000
Accumulated other comprehensive income (loss) (12,805,000) (11,542,000) (10,181,000) (14,232,000)
Noncontrolling interest 6,883,000 7,138,000 2,953,000 2,737,000
Total equity 81,552,000 79,634,000 80,822,000 80,535,000
Additional Information
Net cash flows from operating activities 25,255,000 27,753,000 28,337,000 31,530,000
Land 24,619,000 24,526,000 25,298,000 24,801,000
Buildings & improvements 105,674,000 101,006,000 101,155,000 98,547,000
Fixtures & equipment 58,607,000 54,488,000 52,695,000 48,998,000
Transportation equipment 2,377,000 2,316,000 2,387,000 2,845,000
Construction in progress 3,751,000 3,474,000 3,619,000 4,301,000
Property & equipment, gross 195,028,000 185,810,000 185,154,000 179,492,000
Less: accumulated depreciation 89,820,000 81,493,000 77,479,000 71,782,000
Property & equipment, net 105,208,000 104,317,000 107,675,000 107,710,000
WALMART
As Reported Annual Income Statement
Report Date 2019 2018 2017
Scale Thousands Thousands Thousands
Net sales 519,926,000 510,329,000 495,761,000
Membership & other income 4,038,000 4,076,000 4,582,000
Total revenues 523,964,000 514,405,000 500,343,000
Cost of sales 394,605,000 385,301,000 373,396,000
Gross Profit 129,359,000 129,104,000 126,947,000
Operating, selling, general & administrative expenses 108,791,000 107,147,000 106,510,000
Operating income (loss) 20,568,000 21,957,000 20,437,000
Interest expense on debt 2,262,000 1,975,000 1,978,000
Interest expense on finance, capital lease & financing obligations 337,000 371,000 352,000
Interest income 189,000 217,000 152,000
Gain (loss) on extinguishment of debt 0 0 (3,136,000)
Other gains & (losses) 1,958,000 (8,368,000) 0
Income (loss) before income taxes 20,116,000 11,460,000 15,123,000
Provision (benefit) for income taxes 4,915,000 4,281,000 4,600,000
Income (loss) after income taxes 15,201,000 7,179,000 10,523,000
Less consolidated net income attributable to noncontrolling interest (320,000) (509,000) (661,000)
Net Income 14,881,000 6,670,000 9,862,000
Additional Information
Weighted average shares outstanding - basic 2,850,000 2,929,000 2,995,000
Weighted average shares outstanding - diluted 2,868,000 2,945,000 3,010,000
Year end shares outstanding 2,832,000 2,878,000 2,952,000
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