- Identify specific account balances for which substantive analytical procedures would be appropriate and discuss your reasoning for selecting these accounts.
- Describe in detail the type of substantive analytical procedures that would be used for these account balances and why this would be an effective test of the account balances.
* Homework Help - Q&A from C x G Google X Module 3: Critical Thinking mbol/wmt/financials?query=balance-sheet Enter symbol, name or keyword Q Quotes Markets News Investing Annual Income Statement (values in 000's) Get Quarterly Data Period Ending: Trend 1/31/2019 1/31/2018 1/31/2017 1/31/2016 Current Assets Cash and Cash Equivalents $7,722,000 $6,756,000 $6,867,000 $8,705,000 Short-Term Investments $0 $0 $0 50 Net Receivables $6,283,000 $5,614,000 $5,835,000 $5,624,000 Inventory $44,269,000 $43,783,000 $43,046,000 $44,469,000 Other Current Assets $3,623,000 $3,511,000 $1,941,000 $1,441,000 Total Current Assets $61,897,000 $59,664,000 $57,689,000 $60,239,000 Long-Term Assets Long-Term Investments $0 Fixed Assets $111,395,000 $114,818,000 $114, 178,000 $116,516,000 Goodwill $31, 181,000 $18,242,000 $17,037,000 $16,695,000 Intangible Assets Other Assets $14,822,000 $11,798,000 $9,921,000 $6, 131,000 Deferred Asset Charges Total Assets $219,295,000 $204,522,000 $198,825,000 $199,581,000 Current Liabilities e Oo OHomework Help - Q&A from C x G Google Module 3: Critical Thinking ol/wmt/financials?query=balance-sheet Enter symbol, name or keyword Q Quotes Markets V News Investing Accounts Payable $69,647,000 $68,859,000 $63,008,000 $58,615,000 Short-Term Debt / Current Portion $7,830,000 $9,662,000 $3,920,000 $6,004,000 of Long-Term Debt Other Current Liabilities $0 $0 $0 Total Current Liabilities $77,477,000 $78,521,000 $66,928,000 $64,619,000 Long-Term Debt $50,203,000 $36,825,000 $42,018,000 $44,030,000 Other Liabilities $0 $0 Deferred Liability Charges $11,981,000 $8,354,000 $9,344,000 $7,321,000 Misc. Stocks $0 $0 $0 $0 Minority Interest $7,138,000 $2,953,000 $2,737,000 $3,065,000 Total Liabilities $146,799,000 $126,653,000 $121,027,000 $119,035,000 Stock Holders Equity Common Stocks $288,000 $295,000 $305,000 $317,000 Capital Surplus $2,965,000 $2,648,000 $2,371,000 $1,805,000 Retained Earnings $80,785,000 $85, 107,000 $89,354,000 $90,021,000 Treasury Stock SO $0 $0 $0 Other Equity ($11,542,000) ($10, 181,000) ($14,232,000) ($11,597,000) Total Equity $72,496,000 $77,869,000 $77,798,000 $80,546,000 Total Liabilities & Equity $219.295,000 $204.522,000 $198,825,000 $199,581,000 HE Oo 9Quotes V Markets News Investing Period Ending: Trend 1/31/2019 1/31/2018 1/31/2017 1/31/2016 Net Income $6,670,000 $9,862,000 $13,643,000 $14,694,000 Cash Flows-Operating Activities Depreciation IIII $10,678,000 $10,529,000 $10,080,000 $9,454,000 Net Income Adjustments $9,601,000 $4,042,000 $967,000 $738,000 Changes in Operating Activities Accounts Receivable ($368,000) ($1,074,000) ($402,000) ($19,000) Changes in Inventories ($1,311,000) $140,000) $1,021,000 $703,000) Other Operating Activities $0 50 Liabilities $1,974,000 $4,457,000 $5,714,000 $3,002,000 Net Cash Flow-Operating $27,753,000 $28,337,000 $31,673,000 $27,552,000 Cash Flows-Investing Activities Capital Expenditures IIII ($10,344,000) ($10,051,000) ($10,619,000) ($11,477,000) Investments $0 ($1,901,000) $0 Other Investing Activities $13.692,000) $972,000 ($1,376,000) $802.000 Net Cash Flows-Investing ($24,036,000) ($9,079,000) ($13,896,000) ($10,675,000) ison Cash Flows-Financing Activities Sale and Purchase of Stock ($7,410.000) (58,304,000) ($8,388,000) $5,438,000) arch* Homework Help - Q&A from C G Google Module 3: Critical Thinking mbol/wmt/financials?query=cash-flow Enter symbol, name or keyword Q Quotes Markets News V Investing Cash Flows-Investing Activities Capital Expenditures IIII $10,344,000) ($10,051,000) ($10,619,000) ($11,477,000) Investments $C $0 ($1,901,000) $0 Other Investing Activities ($13,692,000) $972,000 $1,376,000) $802,000 Net Cash Flows-Investing ($24,036,000) ($9,079,000) ($13,896,000) ($10,675,000) Cash Flows-Financing Activities Sale and Purchase of Stock IIII ($7,410,000) ($8,304,000) ($8,388,000) ($5,438,000) Net Borrowings $12,035,000 ($1,437,000 ($3,591,000) ($3, 158,000) Other Financing Activities $629,000 ($3,320,000) ($398,000 ($676,000) Net Cash Flows-Financing ($2,537,000) ($19,875,000) ($19,072,000) ($16,285,000) Effect of Exchange Rate ($438.000) $487,000 ($452,000) ($1,022,000) Net Cash Flow $742,000 ($130,000) ($1,747,000) ($430,000) See alsoi Company Financials data entry page W