Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Walmart 1. Identify the corporation(Walmart) by the location of the home office, the CEO, fiscal year, description of the principal products and/or services, primary geographic

Walmart

1. Identify the corporation(Walmart) by the location of the home office, the CEO, fiscal year, description of the principal products and/or services, primary geographic activity, corporation auditors (state what the auditors said about the company financial products) and the most recent stock price and dividend per share.

2. Describe the industry that the corporation is in and the industry outlook. Review the corporation management letter as well as your research on the corporation and summarize the corporation's future plans.

3. Review the financial statements. Explain each's format. Show the corporation's accounting equation. Determine the gross profit, net income from operations and net income for the last two years and comment on the changes between the years.In the cash flow discuss how the cash flow from operating activities was different from the net income, whether the company is expanding through investing activities and the most important source of financing.

4. Describe the corporation's significant accounting policies relating to revenue recognition, cash, accounts receivable, short-term investments, inventory, and property,plant and equipment.

Please document your calculations for 10 ratios of your choice for the last two years and explain the significance of each ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk-Based Internal Audit

Authors: Jason Lee Mefford

1st Edition

1631922629, 9781631922626

More Books

Students also viewed these Accounting questions

Question

5. Give examples of binary thinking.

Answered: 1 week ago