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Note: Refer to the financial statements of Target in Appendix B and Walmart in Appendix C . Required: Total assets is a common measure of
Note: Refer to the financial statements of Target in Appendix B and Walmart in Appendix C
Required:
Total assets is a common measure of the size of a company. Which company had the higher total assets at the end of the most recent year? Note: Some companies will label a year that has a January yearend as having a fiscal yearend dated one year earlier. For example, a January yearend may be labeled as Fiscal because the year actually has more months that fall in the calendar year than in the calendar year.
Net sales or net revenue is also a common measure of the size of a company. Which company had the higher net sales for the most recent year?
Both companies sell a wide variety of general merchandise and food. In what account would you find the general merchandise and food in the companies stores and warehouses at year end?
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