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The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,907 million shares outstanding with

The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,907 million shares outstanding with a share price of $124. 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 $ 9,615 $ 7,872
Accounts receivable 6,434 6,433
Inventories 44,585 44,419
Other current assets 1,772 3,773
Total current assets $ 62,406 $ 62,497
Fixed assets:
Net fixed assets $ 127,199 $ 111,545
Other long-term assets 47,790 46,153
Total assets $ 237,395 $ 220,195
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 47,123 $ 47,210
Other current liabilities 30,967 30,567
Total current liabilities $ 78,090 $ 77,777
Long-term debt 43,864 43,670
Other long-term liabilities 33,589 18,814
Total liabilities $ 155,543 $ 140,261
Total shareholders' equity 81,852 79,934
Total liabilities and shareholders equity $ 237,395 $ 220,195
Income Statement (figures in $ millions)
Net sales $ 524,114
Cost of goods sold 394,755
Selling, general, and administrative expenses 97,954
Depreciation 11,137
Other income/expenses 2,297
Earnings before interest and taxes (EBIT) $ 22,565
Interest expense 2,749
Taxable income $ 19,816
Tax 4,600
Net income $ 15,216

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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