Solved: WALMART INC FINANCIAL STATEMENT ANALYSIS REPORT

Background Information. 2 Conformed Name: 2 Standard Industrial Classification: 2 State of Incorporation; 2 Fiscal Year-End: 2 Business Address; 2 Telephone Number: 3 The Stock Market where the Company is listed: 3 Business Operations as discussed on the Cover Page in part I of the company’s 10-K. 3 Walmart’s major competitors: 3 Question 1: Debt Covenant Agreements. 3 Question 2: Impact of New Accounting Pronouncements. 3 Question 3: 4
  1. Information for a fundamental analysis. 4
  2. Current Recommendation For Your Company’s Stock from Financial Analysts. 5
  3. Trend in Earnings for Your Company and Future Expectations Voiced By Management 6
  4. Walmart stock Compared to the Standard and Poor’s Index. 6
  5. Find or compute a beta for your company. Discuss what the beta indicates about the company. 7
Question 4: 8 Examine Walmart’s Earnings Quality Based on Schroeder Text 8 Question 5: Assess investors’ comparative perceptions of the outlook for your company. 10
  1. price/earnings ratio for your company and its two competitors for the last day of its latest fiscal year 10
  2. Implications of Your Company’s price/earnings Ratio. 11
  3. Additional income statements Review.. 11
Question 6: 12
  1. Balance Sheets And Statements Of Cash Flows. 12
  2. Measurement Bases. 12
  3. Dividends Payout For 2018. 13
  4. Method of reporting cash flows from operating activities. 13
  5. Difference in net income reported compared to the income statement. 13
  6. One or two-statement approach. 13
Question 7: 14
  1. Review the balance sheets for the company and answer the following questions for the last reporting year: 14
  2. Does the company disclose any investments? If so, what method is used to account for these investments?. 14
  3. What inventory cost flow method(s) is the company using?. 14
  4. Assess the relative working capital position of your company. 17
Question 8. 17
  1. Answer the following questions for the last reporting year to assess your company’s utilization of long-term assets. 17
  2. What items of property, plant, and equipment does the company disclose?. 17
  3. Comment on your company’s asset-replacement policy. 18
  4. How is your company’s asset-replacement policy impacting its return on assets ratio?. 18
  5. Compare your company’s asset utilization ratio with that of its two competitors. 19
  6. What method(s) of depreciation does your company use?. 19
  7. What depreciation method(s) do your company’s two competitors use?. 19
Question 9: Disclosure of Investments and Intangibles. 19
  1. What intangible assets do the financial statements disclose?. 19
  2. Disclosure. 20
  3. Impairment in the Value of Reported Intangibles. 21
Question 10: Disclosure of Figures. 21 Question 11: Analyze income tax expense and income taxes payable. 22 Analyze your company’s provision for income taxes and income taxes payable. 22 a.The amount of income taxes that would have been paid at the statutory rate and the amount actually paid. 22
  1. Changes in the deferred tax asset and liability accounts. 22
  2. Changes (if any) in the amounts of income tax carrybacks and carryforwards. 22
Question 12: 23
  1. Is the company a lessee of leased property? If so, how does the company account for its leases? 23
  2. Is the company a lessor in lease transactions? If so, how does the company account for its leases 23
Question 13: 23
  1. Does the company report any pension expenses?. 23
  2. Does the company disclose any other expenses associated with post-retirement benefits?. 24
Question 14: 24
  1. Disclosed Components of Stakeholder’s Equity. 24
  2. Preferred stock shares outstanding. 24
  3. Treasury shares. 24
  4. Disclose any stock compensation plans. 25
  5. Calculate or find the following ratios for your company: 25
  6. Return on common stockholders’ equity. 25
Question 15: 26 Review the financial statement of your company to determine: 26 Foreign currency gains or losses. 27 Question 16: 27 Disclosure of forward-looking information. 27 Concluding Discussion. 28 Management Accounting System (MAS) 28 Capital Structure. 28 Budgeting Process. 29 Works Cited. 30 Solution [sdm_download id="1366" fancy="0"] [sdm_download_counter id="1366"]