Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e and prepare projected balance sheets and income statements for 2020
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Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e and prepare projected balance sheets and income statements for 2020 and 2021 for Walmart, the discount retail giant. Compute ROE, ROA, asset turnover, profit margin, capital structure leverage, profit margin, and asset turnover for 2021. Assume that company management expects sales growth over the next two years to be equal to the average annual sales growth from 2018 to 2019. Also assume that profit margin, total assets/sales, and shareholders' equity/total assets for the two-year period will be equal to their simple averages across 2018 and 2019.
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