You are a new analyst

at Skybridge Capital. We know from

the balance sheet we can asses a

company's financial risk. Using debt

to capital pick the best answer that

applies.

A.

Debt to capital worsened from 75%

to 61% from 2013 to 2015

B.

The company's financial risk has

remained the same at about

42% over the three year period

C.

Debt to capital worsened from 62%

to 55% from 2013 to 2015

D.

Debt to capital improved from 62%

to 55% from 2013 to 2015

E.

Debt to capital improved from 55%

to 62% from 2013 to 2015

F

Debt to capital worsened from 55%

to 62% from 2013 to 2015

G.

The company's financial risk has

remained the same at

about 67% over the three year period

H.

Debt to capital improved from 75% to

61% from 2013 to 2015

Consolidated Balance Sheets 2015 2014 2013 9.135 7.281 6,778 6,677 45,14144,858 2.224 1.909 460 63.278 61.185 7.781 6.768 43.803 1.551 37 '59.940 177.395 173,089 165.825 (63.115) (57,725) (51,896) '114280 115.364 113,929 '3.239 '3.589 '3.899 2.864) (3.046) (3.147) 2,375 2543 2.752 18,102 19.510 20,497 5.671 6.149 5.987 $203,706 5204.751 5203,105 (Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Current assets of discontinued operations Total current assets Property and equipment: Property and equipment Less accumulated depreciation Property and equipment, net Property under capital leases: Property under capital leases Less accumulated amortization Property under capital leases, net Goodwill Other assets and deferred charges Total assets LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST, AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Obligations under capital leases due within one year Current liabilities of discontinued operations Total current liabilities Long-term debt Long-term obligations under capital leases Deferred income taxes and other Redeemable noncontrolling interest Commitments and contingencies Equity Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive income (loss) Total Walmart shareholders' equity Nonredeemable noncontrolling interest Total equity Total liabilities, redeemable noncontrolling interest, and equity 6.805 38,080 18,808 1.592 38.410 19,152 1,021 4,810 287 2211 5.587 327 7,670 37,415 18.793 966 4,103 309 89 69.345 41.771 2.788 8,017 1.491 65.272 41,086 2.606 8.805 71.818 38,394 3,023 7,613 519 323 323 332 2.462 2.362 3.620 85,777 76,566 72,978 (7.168) (2,996) (587) 81,394 76,255 76,343 4,543 5,084 5.395 85.937 81.339 81.738 $203.706 S204,751 S203.105