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please show step of each question 3. Performance measures * Table 28.8 gives abbreviated balance sheets and income statements for Walmart. Page 764 At the
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3. Performance measures * Table 28.8 gives abbreviated balance sheets and income statements for Walmart. Page 764 At the end of fiscal 2017, Walmart had 2,960 million shares outstanding with a share price of $106. The company's weighted-average cost of capital was about 5%. Assume the marginal corporate tax rate was 35%. Calculate: a. Market value added. b. Market-to-book ratio. c. Economic value added. d. Return on start-of-the-year capital. Table 28.8 Balance sheets and income statement for Walmart, fiscal 2017 and 2016 (figures in $ millions) di Fiscal 2017 Fiscal 2016 Balance Sheet Assets Current assets: Cash and marketable securities 6,756 $ 6,867 Accounts receivable 5,614 5,835 Inventories 43,783 43,046 Other current assets 3,511 1.941 Total current assets $ 59,664 $ 57,689 Net fixed assets $ 114,818 $ 114,178 Other long-term assets 30,040 26,958 Total assets $204,522 $198,825 Liabilities and Shareholders' Equity Current liabilities: $ 46,092 $ 41,433 32,429 25,495 $78.521 $ 66.928 Fixed assets: Accounts payable Other current liabilities Total current liabilities. Tutar asta Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity Net sales Cost of goods sold Selling, general, and administrative expenses. Depreciation Earnings before interest and tax (EBIT) Interest expense Taxable income Tax Income Statement EXTE $ 46,092 32,429 $78,521 36,825 11,307 $126,653 77,869 $204,522 $500,343 373,396 95,981 10,529 $20,437 2,178 $ 18,259 4,600 $170,020 $ 41,433 25,495 $ 66,928 42,018 12,081 $121,027 77,798 $198,825 $ 485,873 361,256 91,773 10,080 $ 22,764 2,267 $ 20,497 6,204 Step by Step Solution
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