Refer to the financial statements of Walmart given in Appendix C. All dollar amounts in the statements are in millions.

Required:

1. (a) How much cash and cash equivalents does the company report at the end of the current year?

(b) Walmart is a large international company. What amount (in billions) of its cash and cash equivalents may not be freely transferable to the United States?

2. (a) What was the change in receivables, net (in millions) between last year and the current year?

(b) What was the direction of the effect of the change in receivables, net on net cash provided by operating activities for the current year?

3. Walmart's total receivables, net were $6.5 billion at the end of the current year. What amount (in billions) were receivables from transactions with customers?

4. Did Walmart disclose the amount in the "reserve for doubtful accounts?

5. Where does the company disclose its revenue recognition policy?

6. When does the company record revenues for the "sale" of gift cards?

Walmart Inc. Consolidated Statements of Income Walmart Inc. Consolidated Statements of Comprehensive Income Consolidated Balance Sheets Walmart Inc. Consolidated Statements of Shareholders' Fouitv Walmart Inc. Consolidated Statements of Cash Flows Walmart Inc. Consolidated Statements of Income Walmart Inc. Consolidated Statements of Comprehensive Income Consolidated Balance Sheets Walmart Inc. Consolidated Statements of Shareholders' Fouitv Walmart Inc. Consolidated Statements of Cash Flows