please review case 10.1 and answer the REQUIRED section fully for complete answer.

d dividends could div for the financial management of tial Dement that d, Calculate and compare the return on Walmart. the forecast amounts determined in Requirements a common equity for Walmart using are the two and c for Year +1 to +5. Why turns different? Which results will Walmart's common shareholders prefer? Why? INTEGRATIVE CASE 10.1 Starbucks Starbucks integrative case provides you with an opportunity to apply to Starbucks the entire six analysis framework of this textbook. Beginning in Chapter 1 and following each chapter of book we use the Starbucks Integrative Case to illustrate and apply all of the tools of financial state- ments analysis and valuation. This portion of the integrative case relies on the analysis of Starbucks financial statements through fiscal year 2012 and applies the seven-step forecasting procedure of this dapter to develop complete forecasts of Starbucks financial statements through Year +5 Exhibits 10.14 and 10.15 provide Starbucks income statements and balance sheets for fiscal years 2010 through 2012 in dollar amounts, common-size format, and rate-of-change format. Ehibit 10.16 (see pages 847-848) Starbucks' statements of flows years o 2012. These financial statements report the financial performance and position of Starbucks and summarize the results of Starbucks' operating, investing, and financing activities. The common-size and rate-of-change balance sheets and income statements for Starbucks highlight relations among accounts and trends over time. Exhibit 10.17 (see pages 848-849) provides sales analysis data and store operating data through fiscal year 2012, including same- sales growth rates, new store openings, and total numbers of stores open, including a detailed breakdown of revenues and revenue growth by and by You may refer back to Exhibits 1.26-1.30 (Chapter 1) for additional financial statement data and to Exhibits 4.44 and 4.45 Chapter 4) ratio analysis of Starbucks' profitability and operating for a accounting quality issues segments. All of the other chapters in the text also have illustrated analyses come and financial statement analysis issues for Starbucks. of these data and forecasts of in this of the comprehensive starbucks as you develop Starbucks' future financial statements