Refer to the financial statements of Walmart given in Appendix C Below. All dollar amounts in the statements are in millions.

Required:

1. (a) How much cash and cash equivalents does the company report at the end of the current year?

(b) Walmart is a large international company. What amount (in billions) of its cash and cash equivalents may not be freely transferable to the United States?

2. What was the change in receivables, net (in millions) between last year and the current year?

3. Walmart's total receivables, net were $6.5 billion at the end of the current year. What amount (in billions) were receivables from transactions with customers?

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C-6 APPENDIX C (Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Walmart Inc. Consolidated Balance Sheets As of January 31, 2021 2020 Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity See accompanying notes. $ 17,741 $ 9,465 6,516 6,284 44,949 44,435 20,861 1,622 90,067 61,806 92,201 105,208 13,642 17,424 4,005 4,417 28,983 31,073 23,598 16,567 $ 252,496 $ 236,495 $ 224 $ 49,141 575 46,973 37,966 22,296 242 280 3,115 5,362 1,466 1,793 491 511 92,645 77,790 41,194 43,714 12,909 16,171 3,847 4,307 14,370 12,961 282 284 3,646 3,247 88,763 83,943 (11,766) (12,805) 80,925 74,669 6,606 87,531 6,883 81,552 $ 252,496 $ 236,495 C-6 APPENDIX C (Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Walmart Inc. Consolidated Balance Sheets As of January 31, 2021 2020 Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity See accompanying notes. $ 17,741 $ 9,465 6,516 6,284 44,949 44,435 20,861 1,622 90,067 61,806 92,201 105,208 13,642 17,424 4,005 4,417 28,983 31,073 23,598 16,567 $ 252,496 $ 236,495 $ 224 $ 49,141 575 46,973 37,966 22,296 242 280 3,115 5,362 1,466 1,793 491 511 92,645 77,790 41,194 43,714 12,909 16,171 3,847 4,307 14,370 12,961 282 284 3,646 3,247 88,763 83,943 (11,766) (12,805) 80,925 74,669 6,606 87,531 6,883 81,552 $ 252,496 $ 236,495