WalMart Form 10-k FYE 2017

Step 1: perform a ratio analysis that includes ROA; ROE; Debt:Assets and any other financial ratio you deem important.

Step 2: perform another ratio analysis with the ROA and Debt:Assets ratios except you need to adjust for Goodwill and any Operating Lease obligations found in the footnotes.

Step 3: you need to discuss the revised ratio computations in Step 2 compared to Step 1. Please be sure to include any insights and related thoughts rather than just noting the differences in your computations. We are always taught the importance of the financial ratio analysis and the related insights derived; however, the "revised" ratio analysis you perform in Step 2 may yield additional insights into the organization. As a strategist, it is important to go beyond the standard financial ratio analysis.

Step 4: you will need to assess and discuss the Statement of Cash Flows of WalMart for the three years presented and then provide a discussion that includes your observations and any other insights.