Using the Fortune 500 company (Walmart), look at their Financial Statements and find their Balance Sheet and the Notes to the Financial Statements (the notes come after the financial statements). The first note is the Summary of Significant Accounting Policies. Find the section that is Inventories. Using the note and the balance sheet, answer these questions:

What is their total amount reported on the balance sheet for Inventory for the most recent fiscal year?

Is their inventory a significant amount of their total assets? Calculate the % of total assets by taking the inventory amount and divide it by Total Assets.

What method does your company use to value its ending inventory (FIFO, LIFO, Weighted Average or another method)?

Is there anything unusual about their inventory?

*Find Financial Statement from google*