Please help me with this Integrative Case 6.1 Walmart (qusestions a-c). The book is financial reporting, financial statement analysis and valuation Wahlen, Baginski, Bradshaw 9e

$ 1530 ds CA s non $ 407 100 109 $ 513 Citi $ 507 Flow from Financing in Cash eginning of Year ad of Year Citigr for Yeat 80 tomer Holdin institu bank net Income Citig REQUIRED Refer to Exh 0Why does the restated amount for total assets m on differ from the originally reported amount of 56,207 million Refer to Exh6.20 Why are the originally reported and restated for Year 8 the same (that is, 5505 million) when each of the individ expenses decreased on restatement? Refer to Exhibit 6.21. Why is the restated amount of cash flow from ope of $609 million less than the originally reported amount of $673 million d. If the analyst wanted to analyze changes in the st luze changes in the structure of assets and Year 8 and Year 9, which columns and amounts in Exhibit 6.19 would re of assets and equities bo yould he or she was ability between Year ir she use? Explain Explain or e. If the analyst wanted to analyze changes in the operating profitability and Year 9, which columns and amounts in Exhibit 6.20 would he or she f. If the analyst wanted to use cash flow ratios to assess short-term liquidityan solvency risk, which columns and amounts in Exhibit 6.21 would he or use? Explain INTEGRATIVE CASE 6.1 Walmart Exhibits 1.26-1.28 of Integrative Case 1.1 (Chapter 1) present the finans Walmart for 2012 to 2015. In addition, the website for this text contains Walmart's Dec 2015, Form 10-K. You should read the management discussion and analysis MD&A) statements, and notes to the financial statements, especially Note 2, "Summary of Accounting Policies." he final statements for alcant's December 31 sit MD&A), financia 2. Summary of Significant Citi: A Very Bad Year REQUIRED a. Given your knowledge of Walmart's key success and risk factors, use the note information described above to evaluate Walmart's accounting quality. b. If you believe that Walmart's accounting policy does not yield measurements of assets and liabilities that reflect economic reality and a measurement of net income that is pre- dictive of future earnings, suggest any changes that you would make to assets, liabilities, and earnings to improve accounting quality. (At this point in your learning process, if you do not have specific numerical adjustments to propose, at least describe potential journal entries you would make to change the financial statements, if any, and what information you might need to make those entries.) c. Evaluate whether your proposed adjustments are necessary for (1) credit analysis and (2) equity valuation CASE 6.2 Citi: A Very Bad Year i) ir leading global financial services company with over 200 million cus- Its onerating units Citicorp and Citi $ 1530 ds CA s non $ 407 100 109 $ 513 Citi $ 507 Flow from Financing in Cash eginning of Year ad of Year Citigr for Yeat 80 tomer Holdin institu bank net Income Citig REQUIRED Refer to Exh 0Why does the restated amount for total assets m on differ from the originally reported amount of 56,207 million Refer to Exh6.20 Why are the originally reported and restated for Year 8 the same (that is, 5505 million) when each of the individ expenses decreased on restatement? Refer to Exhibit 6.21. Why is the restated amount of cash flow from ope of $609 million less than the originally reported amount of $673 million d. If the analyst wanted to analyze changes in the st luze changes in the structure of assets and Year 8 and Year 9, which columns and amounts in Exhibit 6.19 would re of assets and equities bo yould he or she was ability between Year ir she use? Explain Explain or e. If the analyst wanted to analyze changes in the operating profitability and Year 9, which columns and amounts in Exhibit 6.20 would he or she f. If the analyst wanted to use cash flow ratios to assess short-term liquidityan solvency risk, which columns and amounts in Exhibit 6.21 would he or use? Explain INTEGRATIVE CASE 6.1 Walmart Exhibits 1.26-1.28 of Integrative Case 1.1 (Chapter 1) present the finans Walmart for 2012 to 2015. In addition, the website for this text contains Walmart's Dec 2015, Form 10-K. You should read the management discussion and analysis MD&A) statements, and notes to the financial statements, especially Note 2, "Summary of Accounting Policies." he final statements for alcant's December 31 sit MD&A), financia 2. Summary of Significant Citi: A Very Bad Year REQUIRED a. Given your knowledge of Walmart's key success and risk factors, use the note information described above to evaluate Walmart's accounting quality. b. If you believe that Walmart's accounting policy does not yield measurements of assets and liabilities that reflect economic reality and a measurement of net income that is pre- dictive of future earnings, suggest any changes that you would make to assets, liabilities, and earnings to improve accounting quality. (At this point in your learning process, if you do not have specific numerical adjustments to propose, at least describe potential journal entries you would make to change the financial statements, if any, and what information you might need to make those entries.) c. Evaluate whether your proposed adjustments are necessary for (1) credit analysis and (2) equity valuation CASE 6.2 Citi: A Very Bad Year i) ir leading global financial services company with over 200 million cus- Its onerating units Citicorp and Citi