Select one (1) U.S. publicly traded company and review its most recent

Annual Report. (You may use one (1) of the three (3) companies you selected

for your Stock Journal assignment.)

Use the Income Statement and Balance Sheet to determine the changes in:

• assets, liabilities, and equity
• total revenue and net income

Briefly describe the change from the current and prior years in each of

these key areas and determine if the changes would be positive or negative

from an investor / stockholder's view.

The company that I choose to review was Walmart (WMT).I reviewed their Income Statement and Balance Sheet and obtained the following information:

20192018Up/Down

Assets$219.3B$204.52BUp 7.2%

Liabilities$139.66B$123.7BUp 12.9%

Equity$79.63B$80.82BDown -1.47%

Total Revenue$514.41B$500.34BUp 2.81%

Net Income$6.67B$9.86BDown -32.3%

In summary for 2018 and 2019: Assets are up 7.2%.Liabilities are up 12.9%.Equity is down -1.47%.Total Revenue is up 2.81%.Net Income is down -32.3%.

**** I need assistance with describing the change from the current and prior years in each of these key areas and determining if the changes would be positive or negative from an investor/stockholder's view. I don't know why the Net income is down -32.3%. Please help.