Question
The following table gives abbreviated balance sheets and income statements for Walmart. Balance Sheet (figures in $ millions) Fiscal 2019 Fiscal 2018 Assets Current assets:
The following table gives abbreviated balance sheets and income statements for Walmart. Balance Sheet (figures in $ millions) Fiscal 2019 Fiscal 2018 Assets Current assets: Cash and marketable securities $ 9,465 $ 7,722 Accounts receivable 6,284 6,283 Inventories 44,435 44,269 Other current assets 1,622 3,623 Total current assets $ 61,806 $ 61,897 Fixed assets: Net fixed assets $ 127,049 $ 111,395 Other long-term assets 47,640 46,003 Total assets $ 236,495 $ 219,295 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 46,973 $ 47,060 Other current liabilities 30,817 30,417 Total current liabilities $ 77,790 $ 77,477 Long-term debt 43,714 43,520 Other long-term liabilities 33,439 18,664 Total liabilities $ 154,943 $ 139,661 Total shareholders' equity 81,552 79,634 Total liabilities and shareholders equity $ 236,495 $ 219,295 Income Statement (figures in $ millions) Net sales $ 523,964 Cost of goods sold 394,605 Selling, general, and administrative expenses 97,804 Depreciation 10,987 Other income/expenses 2,147 Earnings before interest and taxes (EBIT) $ 22,715 Interest expense 2,599 Taxable income $ 20,116 Tax 4,915 Net income $ 15,201 Assume a tax rate of 21%. Calculate the following using balance-sheet figures from the start of the year and Income statement figures from the end of the year: Calculate the return on assets. Note: Enter your answer as a percent rounded to 2 decimal places. Calculate the operating profit margin. Note: Enter your answer as a percent rounded to 2 decimal places. Calculate the sales-to-assets ratio. Note: Round your answer to 2 decimal places. Calculate the inventory turnover. Note: Round your answer to 2 decimal places. Calculate the debt-equity ratio. Note: Round your answer to 4 decimal places. Calculate the current ratio. Note: Round your answer to 4 decimal places. Calculate the quick ratio. Note: Round your answer to 4 decimal places.
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