Statement of Operations (Income Statement)
Fiscal Year end is January 31; years indicated below are the year the majority of activity occurred (so 2018 is February 2018 through January 2019)
	2018	2017	2016	2015	2014	2013
Net Sales	510,329	495,761	481,317	478,614	482,229	473,076
Membership and other income	4,076	4,582	4,556	3,516	3,422	3,218
total revenues	514,405	500,343	485,873	482,130	485,651	476,294
Cost of Sales	385,301	373,396	361,256	360,984	365,086	358,069
Operating, selling, General and Admin Expenses	107,147	106,510	101,853	97,041	93,418	91,353
Operating income	21,957	20,437	22,764	24,105	27,147	26,872
Interest Expense	2,129	2,178	2,267	2,467	2,348	2,216
other	-8,368	-3,136
Income from continuing operations, before taxes	11,460	15,123	20,497	21,638	24,799	24,656
Income taxes, and discontinued operations	4,281	4,600	6,204	6,558	7,985	8,105
Net Income	7,179	10,523	14,293	15,080	16,814	16,551
Non controlling interest, currency translation, and other	-565	3,537	-3,682	-4,901	-4,554	-3,091
pension liability	131	-147	397	86	-69	153
comprehensive income attributable to Walmart	6,745	13,913	11,008	10,265	12,191	13,613
Balance Sheet
Fiscal Year end is January 31; years indicated below are the year the majority of activity occurred (so 2018 is February 2018 through January 2019)
	2018	2017	2016	2015	2014	2013
Assets
Current assets:
Cash and cash equivalents	7,722	6,756	6,867	8,705	9,135	9,135
Receivables, net	6,283	5,614	5,835	5,624	6,778	6,778
Inventories	44,269	43,783	43,046	44,469	45,141	45,141
Prepaid expenses and other	3,623	3,511	1,941	1,441	2,224	2,224
total current assets	61,897	59,664	57,689	60,239	63,278	63,278
property and equipment net of accumulated depreciation	104,317	107,675	107,710	110,171	114,280	114,280
property under capital lease net of accum amortization	7,078	7,143	6,468	6,345	2,375	2,375
Goodwill	31,181	18,242	17,037	16,695	18,102	18,102
Other	14,822	11,798	9,921	6,131	5,455	5,455
Total assets	219,295	204,522	198,825	199,581	203,490	203,490
Liabilities and Equity
Current liabilities:
Short term borrowings	5,225	5,257	1,099	2,708	1,592	1,592
Accounts payable	47,060	46,092	41,433	38,487	38,410	38,410
Accrued liabilities and other	25,192	27,172	24,396	23,424	25,251	25,251
Total current liabilities	77,477	78,521	66,928	64,619	65,253	65,253
Long Term borrowings	43,520	30,045	36,015	38,214	40,889	40,889
deferred income taxes	11,981	8,354	9,344	7,321	8,805	8,805
other	6,683	6,780	6,003	5,816	2,606	2,606
Total noncurrent liabilities	62,184	45,179	51,362	51,351	52,300	52,300
Equity
Common stock	288	295	305	317	323	323
additional paid in capital	2,965	2,648	2,371	1,805	2,462	2,462
retained earnings	80,785	85,107	89,354	90,021	85,777	85,777
other	-4,404	-7,228	-11,495	-8,532	-2,625	-2,625
total equity	79,634	80,822	80,535	83,611	85,937	85,937
total liabilities and equity	219,295	204,522	198,825	199,581	203,490	203,490

You have been assigned two companies to perform ratio analysis and horizontal and vertical analysis. Use this document to summarize your findings. You must show your work in order to get credit for the answer. Using a formula, if you put your company's financial statements on another sheet in this document, counts as showing your work.
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis:
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis:
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis:
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis:
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis:
Show your work!		2017	2016	2015	2014
	walmart
	target
	Your analysis: