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The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2 0 1 9 , Walmart had 2

The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,832
million shares outstanding with a share price of $94. The company's weighted-average cost of capital was about 5%. Assume a tax
rate of 21%.
a. Calculate the market value added.
Note: Enter your answer in millions rounded to nearest whole number.
b. Calculate the market-to-book ratio.
Note: Round your answer to 2 decimal places.
c. Calculate the economic value added.
Note: Do not round intermediate calculations. Enter your answer in millions rounded to nearest whole number.
d. Calculate the return on start-of-the-year capital.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Answer is complete but not entirely correct.
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