The following table gives abbreviated balance sheets and income statements for HEB. At the end...
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Finance
The following table gives abbreviated balance sheets and income statements for HEB. At the end of fiscal 2022, Walmart had 2,832 million shares outstanding with a share price of $94. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 21%.
Balance Sheet (figures in $ millions) | ||
Fiscal 2022 | Fiscal 2021 | |
---|---|---|
Assets | ||
Current assets: | ||
Cash and marketable securities | $ 9,465 | $ 7,722 |
Accounts receivable | 6,284 | 6,283 |
Inventories | 44,435 | 44,269 |
Other current assets | 1,622 | 3,623 |
Total current assets | $ 61,806 | $ 61,897 |
Fixed assets: | ||
Net fixed assets | $ 127,049 | $ 111,395 |
Other long-term assets | 47,640 | 46,003 |
Total assets | $ 236,495 | $ 219,295 |
Liabilities and Shareholders' Equity | ||
Current liabilities: | ||
Accounts payable | $ 46,973 | $ 47,060 |
Other current liabilities | 30,817 | 30,417 |
Total current liabilities | $ 77,790 | $ 77,477 |
Long-term debt | 43,714 | 43,520 |
Other long-term liabilities | 33,439 | 18,664 |
Total liabilities | $ 154,943 | $ 139,661 |
Total shareholders' equity | 81,552 | 79,634 |
Total liabilities and shareholders equity | $ 236,495 | $ 219,295 |
Income Statement (figures in $ millions) | |
Net sales | $ 523,964 |
---|---|
Cost of goods sold | 394,605 |
Selling, general, and administrative expenses | 97,804 |
Depreciation | 10,987 |
Other income/expenses | 2,147 |
Earnings before interest and taxes (EBIT) | $ 22,715 |
Interest expense | 2,599 |
Taxable income | $ 20,116 |
Tax | 4,915 |
Net income | $ 15,201 |
Calculate the market value added.
Note: Enter your answer in millions rounded to nearest whole number.
Calculate the market-to-book ratio.
Note: Round your answer to 2 decimal places.
Calculate the economic value added.
Note: Do not round intermediate calculations. Enter your answer in millions rounded to nearest whole number.
Calculate the return on start-of-the-year capital.
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
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