The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 2,970 million shares outstanding with a share price of $110. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Start of Year $ 6,887 43,066 1,961 $ 57, 769 Balance Sheet (figures in $ millions) End of Year Assets Current assets: Cash and marketable securities $ 6,776 Accounts receivable 5,634 Inventories 43,803 Other current assets 3,531 Total current assets $ 59, 744 Fixed assets: Net fixed assets $114,838 Other long-term assets 30,060 Total assets $ 204,642 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 46,112 Other current liabilities 32,449 Total current liabilities $ 78,561 Long-term debt 36,845 Other long-term liabilities 11,327 Total liabilities $126,733 Total shareholders' equity 77,909 Total liabilities and shareholders' equity $ 204,642 $ 114, 198 26,978 $198,945 $ 41,453 25,515 $ 66,968 42,038 12, 101 $121, 107 7,838 $198,945 Income Statement (figures in $ millions) Net sales $500,363 Cost of goods sold 373,416 Selling, general, and administrative expenses 96,001 Depreciation 10,549 Earnings before interest and taxes (EBIT) $ 20,397 Interest expense 2,198 Taxable income $ 18,199 4,600 Net income $ 13,599 Dividends 6,144 Addition to retained earnings $ 7,455 $ 485,893 361,276 91,793 10,100 $ 22, 724 2,287 $ 20,437 7,153 $ 13, 284 6,715 $ 6,569 Tax million c. Economic value added d. Return on capital