Please show your work. The following table gives abbrevlated balance sheets and income statements for Walmart.Balance Sheet (figuren in $ milliions)End ofStart ofYearYearAssetsCurrent assets:$ 6,796$ 6,9075,875Cash and marketable securitiesAccounts receivable5,654TRuInventories43,0861,981$ 57,84943,823Other current assets3,551Total current assets$ 59,824Fixed assets:Net fixed assets$114,858$114,218esOther long-term assets30,08026,998Total assets$204,762$199,065Liabilities and Shareholders' EquityCurrent liabilities:Accounts payable$ 46,132$ 41,473Other current liabilities32,46925,535Total current liabilities$ 78,601$ 67,008Long-term debt36,86542,058Other long-term liabilitiesTotal liabilities11,347$126,81312,121$121,187* 77,878Total shareholders' equity77,949Total liabilities and shareholders' equity$204,762$199,065Income Statement (figures in $ millionsſNet salesCost of goods sold$500,383$485,913373,436361,296Selling, general, and administrative expenses96,02110,56991,81310,120DepreciationEarnings before interest and taxes (EBIT)$ 22,6842,307$ 20,3572.218Interest expenseTaxable income$ 20,377$ 18,1394,600Таx7,132$ 13,5396,164Net income$ 13,2456,735DividendsAddition to retained earnings$ 7,375$ 6,510Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year and Income statemefrom the end of the year:a. Calculate the return on assets. (Enter your answer as a percent rounded to 2 decimal places.)b. Calculate the operating profit margin. (Enter your answer as a percent rounded to 2 decimal places.)c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.)d. Calculate the inventory turnover. (Round your answer to 2 decimal places.)e. Calculate the debt-equity ratio. (Round your answer to 4 decimal places.)f. Calculate the current ratio. (Round your answer to 3 decimal places.)g. Calculate the quick ratio. (Round your answer to 4 decimal places.)Return on assets%a.b. Operating profit margin%Sales-to-assets ratioC.d.Inventory turnoverDebt-equity ratioefCurrent ratioQuick ratio

Name: Please show your work. The following table gives abbrevlated balance s
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Description: Please show your work. The following table gives abbrevlated balance sheets and income statements for Walmart.Balance Sheet (figuren in $ milliions)End ofStart ofYearYearAssetsCurrent assets:$ 6,796$ 6,9075,875Cash and marketable securitiesAccounts r

a). Return on assets = Net income / total assets = $13539 / $204762…

Business

Accounting

The following table gives abbreviated balance sheets and income statements for Walm Balance Sheet (figures in $ millions) End of Start of Year Year Assets Current assets: $ 6,796 5,654 43,823 Cash and marketable securities 6,907 5,875 43,086 1,981 Accounts receivable Inventories 3,551 $ 59,824 Other current assets Total current assets $ 57,849 Fixed assets: Net fixed assets $114,858 $114,218

The following table gives abbreviated balance sheets and income statements for Walm Balance Sheet (figures in $ millions) End of Start of Year Year Assets Current assets: $ 6,796 5,654 43,823 Cash and marketable securities 6,907 5,875 43,086 1,981 Accounts receivable Inventories 3,551 $ 59,824 Other current assets Total current assets $ 57,849 Fixed assets: Net fixed assets $114,858 $114,218

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...

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