Horizontal Analysis - Walmart (as of January 31, 2021)

Table B: Horizontal Analysis
Walmart Inc.
Base Year:			2019
		2021	2020	2019
Income Statement Items
	Net Sales	108.70%	101.86%	100.00%
	Cost of goods sold	109.09%	102.41%	100.00%
	Other Operating Expenses	108.53%	101.53%	100.00%
Balance Sheet Items
	Inventory	101.54%	100.37%	100.00%
	Total Assets	115.14%	107.84%	100.00%

1. Use the horizontal analysis tab from the Excel portion of the assignment to answer these questions.
2. What trend do you notice about your companys key income statement items over the last three years (i.e. current year and two prior years)? How are each of these key accounts changing? What does this tell you about the company does this indicate a good or bad trend?
3. What trend do you notice about your companys key balance sheet items over the last three years (i.e. current year and two prior years)? How are each of these key accounts changing? What does this tell you about the company does this indicate a good or bad trend?