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The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,867 million shares outstanding with
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,867 million shares outstanding with a share price of $108. 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
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