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Question 2: Analyze Walmart's ROE RETURN ON COMMON SHAREHOLDERS' EQUITY ANALYSIS (excluding the effects of non-recurring items). RETURN ON COMMON SHAREHOLDERS' EQUITY 2017 2018 2019

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Question 2: Analyze Walmart's ROE RETURN ON COMMON SHAREHOLDERS' EQUITY ANALYSIS (excluding the effects of non-recurring items). RETURN ON COMMON SHAREHOLDERS' EQUITY 2017 2018 2019 17 2% 12.7% 8.9% PROFIT MARGIN FOR ROCE ASSET TURNOVER CAPITAL STRUCTURE LEVERAGE 2017 28% 24 2.5 2018 20% 25 26 2019 1.3% 2.4 28

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