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The following table gives abbreviated balance sheets and income statements for Walmart. Balance Sheet (figures in $ millions) End of Year Start of Year Assets

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The following table gives abbreviated balance sheets and income statements for Walmart. Balance Sheet (figures in $ millions) End of Year Start of Year Assets Current assets: Cash and marketable securities $ 6, 756 S 6, 867 Accounts receivable 5. 614 5, 835 Inventories 43, 783 43,046 Other current assets 3, 511 1, 941 Total current assets $ 59, 664 S 57, 689 Fixed assets: Net fixed assets S 114, 818 S 114, 178 Other long-term assets 30.040 26, 958 Total assets $ 204, 522 S 198, 825 Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 46,092 $ 41, 433 Other current liabilities 32, 429 25, 495 Total current liabilities $ 78,521 $ 66, 928 Long-term debt 36, 825 42, 018 Other long-term liabilities 11, 307 12,081 Total liabilities $ 126,653 $ 121, 027 Total shareholders' equity 77,869 77,798 Total liabilities and shareholders' equity $ 204,522 S 198, 825 Income Statement (figures in $ millions) Net sales $ 500. 343 $ 485, 873 Cost of goods sold 373, 396 361, 256 Selling general, and administrative expenses 95, 981 91, 773 Depreciation 10, 529 10,080 Earnings before interest and taxes (EBIT) $ 20,437 $ 22, 764 Interest expense 2,178 2, 267 Taxable income $ 18, 259 $ 20, 497 Tax 4.600 7, 174 Net income $ 13, 659 $ 13, 323 Dividends 6, 124 6, 695 Addition to retained earnings $ 7.535 S 6, 628 Assume a tax rate of 35%. Calculate the following using balance sheet figures from the start of the year and Income statement figures from the end of the year: a. Calculate the return on assets. (Enter your answer as a percent rounded to 2 decimal places.) b. Calculate the operating profit margin. (Enter your answer as a percent rounded to 2 decimal places.) c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.) d. Calculate the inventory turnover. (Round your answer to 2 decimal places.) e. Calculate the debt-equity ratio. (Round your answer to 4 decimal places.) f. Calculate the current ratio. (Round your answer to 4 decimal places.) g. Calculate the quick ratio. (Round your answer to 4 decimal places.)

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