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The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,932 million shares outstanding with

The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,932 million shares outstanding with a share price of $134. 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 $ 9,665 $ 7,922
Accounts receivable 6,484 6,483
Inventories 44,635 44,469
Other current assets 1,822 3,823
Total current assets $ 62,606 $ 62,697
Fixed assets:
Net fixed assets $ 127,249 $ 111,595
Other long-term assets 47,840 46,203
Total assets $ 237,695 $ 220,495
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 47,173 $ 47,260
Other current liabilities 31,017 30,617
Total current liabilities $ 78,190 $ 77,877
Long-term debt 43,914 43,720
Other long-term liabilities 33,639 18,864
Total liabilities $ 155,743 $ 140,461
Total shareholders' equity 81,952 80,034
Total liabilities and shareholders equity $ 237,695 $ 220,495
Income Statement (figures in $ millions)
Net sales $ 524,164
Cost of goods sold 394,805
Selling, general, and administrative expenses 98,004
Depreciation 11,187
Other income/expenses 2,347
Earnings before interest and taxes (EBIT) $ 22,515
Interest expense 2,799
Taxable income $ 19,716
Tax 4,600
Net income $ 15,116

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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