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Using the financial statements below. What types of expense were recorded by Wal-Mart during fiscal year 2016 related to capital leases? Identify the amount of
Using the financial statements below. What types of expense were recorded by Wal-Mart during fiscal year 2016 related to capital leases? Identify the amount of expense recorded where possible.
Wal-Mart Stores, Inc. Consolidated Statements of Income Fiscal Years Ended JanuaryY3 Amourt I miltions,exceptpar share a 2016 2015 Net sales 478.614S 482.229$ 473.076 3,218 476.294 Membership and other income 3.516 Total revemies 485,651 Costs and erpenses: Cost of sales 360.984 97041 24,105 365,086 93.418 27,147 358069 Openting selling, general and administative espenses Operating income 2,161 Capital lease and financing obigations Iinterest income Interest, net 2457 21.638 Income from coatinuing operations before income tares Provision for income tares: 24,799 7.584 Total provision for income taxes Income from continuing operations Income from discontinued operations, net of income tares Consolidated net income Consobdated net income attributable to noncoutroling interest Consobdated net income attributable to Walmart 15,080 16,814 16,551 17,099 16.695 14.694 S 16,363 16022 Basic net income per common share: Basic income per courmon share fro contiming operations attibutable to Walmart Basic incone per coumon share fros discontinued operations atibutable to Walmart 458 $ 5.01 $ 0.06 5.07 $ 4.87 Basic net income per common share attributable to Walmart 458 $ 4.90 Dluted net income per c common share: Diluted inconre par common share fron contimiing operations attrburable to Walmrt Diluted incouse per common share fron dscontimied operations atuibutable to Walmart 4.57 S 499 $ 0.06 5.05 Diuted net income per common share attributable to Walmart 4.57 S 4.88 Weighted-average common shares outstanding 3.207 Dividends declared per common share 196 S 1.92 $ Soe accompanngnosStep by Step Solution
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