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Posted on Sep 15, 2024

Question 2: Intended Learning Outcomes Subject-Specific Skills, [62] Walmart Company has the following financial statement for the last two years 2018 and 2019. (all the

Question 2: Intended Learning Outcomes Subject-Specific Skills, [62] Walmart Company has the following financial statement for the last two years 2018 and 2019. (all the figures in million USS) (7 marks) Walmart Company Income Statement, as of December 31 2018 2019 Revenues 3,000,000 3,500,000 Cost of Goods Sold 2.000.000 2,200.000 Gross Profit 1,000,000 1,300,000 Administration and selling Expenses 8,000 8,000 Depreciation Expenses 20,000 20,500 Profit Before Interest and Taxes 972,000 1,271,500 Interest 25,000 35,000 Profit Before Taxes 947,000 1,236,500 Taxes 10,000 14,500 = Profit After Interest and Taxes 937,000 1,222,000 Profit for preferred stocks 20,000 20,000 Net Income (profit available for common stockholders 917.000 1,202,000 Walmart Company Balance Sheet Statement, as of December 31 2018 2019 2018 2019 Current Assets Current liabilities Cash 160,000 185,000 Account Payable 120,000 135.000 Account Receivable 75,000 68,000 Short term loan 155,000 178,000 1,000,000 1,300,000 -Gross Profit 8,000 8,000 Administration and selling Expenses 20.000 20,500 Depreciation Expenses 972,000 1,271,500 Profit Before Interest and Taxes 25,000 35,000 Interest Profit Before Taxes 947,000 1,236,500 Taxes 10,000 14,500 Profit After Interest and Taxes 937,000 1,222,000 Profit for preferred stocks 20,000 20,000 Net Income (profit available for common stockholders 917,000 1.202.000 Walmart Company Balance Sheet Statement, as of December 31 2018 2019 2018 2019 Current Assets Current liabilities Cash 160,000 185,000 Account Payable 120,000 135,000 Account Receivable 75.000 68,000 Short term loan 155,000 178,000 Marketable 220,000 250,000 Total Current liabilities 275,000 313,000 Securities Inventory 70,000 90,000 Long term liabilities Total Current Assets 525.000 593,000 Long term loans 108,000 115,000 Fixed Assets Total Long term liabilities 108,000 115,000 Long term 180,000 155,000 Total Liabilities 383,000 428,000 Investment Total Fixed Assets 180,000 155,000 Owner's Equity Total Assets 705,000 748,000 Common Stocks 197.000 200.000 Capital Paid in Excess Par 125.000 120,000 Total Owner's Equity 322.000 320,000 Required: Prepare the statement of cash flows for the ended year 2019 for Walmart Company based on the information above Question 2: Intended Learning Outcomes Subject-Specific Skills, [62] Walmart Company has the following financial statement for the last two years 2018 and 2019. (all the figures in million USS) (7 marks) Walmart Company Income Statement, as of December 31 2018 2019 Revenues 3,000,000 3,500,000 Cost of Goods Sold 2.000.000 2,200.000 Gross Profit 1,000,000 1,300,000 Administration and selling Expenses 8,000 8,000 Depreciation Expenses 20,000 20,500 Profit Before Interest and Taxes 972,000 1,271,500 Interest 25,000 35,000 Profit Before Taxes 947,000 1,236,500 Taxes 10,000 14,500 = Profit After Interest and Taxes 937,000 1,222,000 Profit for preferred stocks 20,000 20,000 Net Income (profit available for common stockholders 917.000 1,202,000 Walmart Company Balance Sheet Statement, as of December 31 2018 2019 2018 2019 Current Assets Current liabilities Cash 160,000 185,000 Account Payable 120,000 135.000 Account Receivable 75,000 68,000 Short term loan 155,000 178,000 1,000,000 1,300,000 -Gross Profit 8,000 8,000 Administration and selling Expenses 20.000 20,500 Depreciation Expenses 972,000 1,271,500 Profit Before Interest and Taxes 25,000 35,000 Interest Profit Before Taxes 947,000 1,236,500 Taxes 10,000 14,500 Profit After Interest and Taxes 937,000 1,222,000 Profit for preferred stocks 20,000 20,000 Net Income (profit available for common stockholders 917,000 1.202.000 Walmart Company Balance Sheet Statement, as of December 31 2018 2019 2018 2019 Current Assets Current liabilities Cash 160,000 185,000 Account Payable 120,000 135,000 Account Receivable 75.000 68,000 Short term loan 155,000 178,000 Marketable 220,000 250,000 Total Current liabilities 275,000 313,000 Securities Inventory 70,000 90,000 Long term liabilities Total Current Assets 525.000 593,000 Long term loans 108,000 115,000 Fixed Assets Total Long term liabilities 108,000 115,000 Long term 180,000 155,000 Total Liabilities 383,000 428,000 Investment Total Fixed Assets 180,000 155,000 Owner's Equity Total Assets 705,000 748,000 Common Stocks 197.000 200.000 Capital Paid in Excess Par 125.000 120,000 Total Owner's Equity 322.000 320,000 Required: Prepare the statement of cash flows for the ended year 2019 for Walmart Company based on the information above