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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%.
Balance Sheet (figures in $ millions)
Fiscal 2019 Fiscal 2018
Assets
Current assets:
Cash and marketable securities $ 9,465 $ 7,722
Accounts receivable 6,2846,283
Inventories 44,43544,269
Other current assets 1,6223,623
Total current assets $ 61,806 $ 61,897
Fixed assets:
Net fixed assets $ 127,049 $ 111,395
Other long-term assets 47,64046,003
Total assets $ 236,495 $ 219,295
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 46,973 $ 47,060
Other current liabilities 30,81730,417
Total current liabilities $ 77,790 $ 77,477
Long-term debt 43,71443,520
Other long-term liabilities 33,43918,664
Total liabilities $ 154,943 $ 139,661
Total shareholders' equity 81,55279,634
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
Calculate the market value added.
Note: Enter your answer in millions rounded to nearest whole number.
Calculate the market-to-book ratio.
Note: Round your answer to 2 decimal places.
Calculate the economic value added.
Note: Do not round intermediate calculations. Enter your answer in millions rounded to nearest whole number.
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.

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