Refer to the financial statements of Walmart Inc. in Appendix C at the end of this book.

Question:

Refer to the financial statements of Walmart Inc. in Appendix C at the end of this book. All dollar amounts are in millions.


Data from in Appendix C


Required:
1. What is the amount of “Consolidated net income” for the most recent year? __________
2. What amount of revenue was earned in the most recent year?__________
3. How much does the company report for inventories as of January 31, 2021?_______________
4. By what amount did cash and cash equivalents* change during the most recent year?_________________
5. Who is the auditor for the company?_______________
*Cash equivalents are short-term investments readily convertible to cash whose value is unlikely to change.

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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