The balance sheet and dicture of significant accounting policies aan om the January 31, 20 incorporated appear below. Use this information to answer the wing other long-te Accents payable long-tas deb das this year A Required: 1. Does Walmart separately report current assets versus long-term assets, and current liabilities versus long-term liabilities? 2. What amounts did Walmart report for the following items for 2020: Note: Enter your answers in millions. a. Total assets b. Current assets c. Current liabilities d. Total equity e. Retained earnings f. Inventory 3. What is Walmart's largest current asset? What is its largest current liability? 4. Compute Walmart's current ratio for 2020. Note: Round your answer to 2 decimal places. 5. Identify the following items from the summary of significant accounting policies: a. Does the company have any securities classified as cash equivalents? b. What cost method does the company use for its U.S. inventory? c. When does the company recognize revenue from service transactions? NOTES TO CONSOLIDATED FINANCIAL STATEMENTS WALMART INCORPORATED 1 Summary of Significant Accounting Pr Cash and Cash Eques The Company considers investments with a maturity when purchased of three months or to be ch The Company values inventories at the lower of castoretermined primarily by the red of accounting using the last in first-out CLIFO method for the Wmart US segment's inventories. The may segment is valued primerly by the retal inventory method of accounting using the first fo 2020 and January 31, 2019, the Company's inventories valued at LFO approx Revenue Recog The Company recognizes ses venue net of sandals at the meth customer eCommerce sales include shipping revenue and are recorded upon devary the comet Catches of shopping cards are not recognized as revenue until the cards med and the cerching th shopping card. The Company recognizes revenue from service transactions at the time the service speed G from services is classed as a component of net seles in the Company's Comments of me Required: 2. What amounts did art report for the following for 2020 1. Does Walmart separately report current assets versus long-term assets. and current liabilities versus long-term liabilities? 2a. Total assets 2b. Current assets 2c. Current liabilities 2d. Total equity 2e. Retained earnings 21. Inventory 3. Walmart's largest current asset 3. Walmart's largest current liability 4. Current ratio Sa. Does the company have any securities classified as cash equivalents? Sb. Cost method used for U.S. inventory 5c. Walmart recognizes service revenue at the time Note: Enter your answers in mons milion million milion milion million milion