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The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,847 million shares outstanding with

image text in transcribedThe following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,847 million shares outstanding with a share price of $100. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 21%. Calculate the economic value added.

Calculate the return on start-of-the-year capital.

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