68 Chapter 3 Supply Chain Drivers and Metrics CASE STUDY Financial Statements for Walmart Stores Inc. and Macy's Inc. Table 3.8 contains the financial results for Walmart and based on their supply chain strategy and structul com Macy's for 2012. Evaluate the financial performance of pare the metrics for each company with similar me for Amazon and Nordstrom from Table 3.1. What each company based on the various metres discussed in ries does each company perform better on? What Section 3.1. such as ROE, ROA. profit margin, asset turns, APT, C2C. ART, INVT, and PPET. Can you chain drivers and metrics might explain this cute explain the differences you see in their performance performance? TABLE 3-8 Selected Financial Data for Walmart Stores Inc. and Macy's Inc. Walmart Macy's Year ended January 31, 2013 (5 millions) 469,162 27,931 Net operating revenues 352,488 16,725 Cost of goods sold 116,674 11,206 Gross profit 88,873 8,440 Selling, general, and administrative expense 88 Other Costs 27,801 2.678 Operating income 2,251 388 Interest expense 187 134 Other income loss)-net Income before income taxes 25,737 2,290 7,981 Income taxes 804 Net income 17.756 1,486 Assets Cash and cash equivalents 7.781 1.836 Net receivables 6,768 371 Inventory 43,803 5,308 Prepaid expenses and other 1,588 361 Total current assets 59.940 7.876 Property, plant, and equipment 116,681 Goodwill 8.196 20,497 3,743 Other intangible assets 561 Other assets Total assets 615 203, 105 Liabilities and Stockholder Equity 20,991 Accounts payable Short-term debt 59,099 4,951 Total current liability 12,719 124 Long-term debt 71,818 5,075 Other liabilities 41,417 6,806 Total liabilities 3,059 14,940 6,051 5,987 Stockholder equity 121,367 81.738