a. Calculate the market value added. (Do not round intermediate calculations. Enter your answer in millions rounded to nearest whole number.) b. Calculate the market-to-book ratio. (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Calculate the economic value added. (Do not round intermediate calculations. Enter your answer in millions rounded to nearest whole number.) d. Calculate the return on start-of-the-year capital. (Do not round intermediate calculations. Enter your answer as a rounded to 2 decimal places.)

The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 3,000 million shares outstanding with a share price of $122. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Balance Sheet (figures in $ millions) End of Start of Year Year Assets Current assets: Cash and marketable securities $ 6,836 $ 6,947 Accounts receivable 5,694 5,915 Inventories 43,863 43, 126 Other current assets 3,591 2,021 Total current assets $ 59,984 $ 58,009 Fixed assets: Net fixed assets $114,898 $114, 258 Other long-term assets 30, 120 27,038 Total assets $205,002 $199, 305 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 46,172 $ 41,513 Other current liabilities 32,509 25,575 Total current liabilities $ 78,681 $ 67,088 Long-term debt 36,905 42,098 Other long-term liabilities 11,387 12,161 Total liabilities $126,973 $121,347 Total shareholders' equity 78, 029 77,958 Total liabilities and shareholders' equity $205,002 $199, 305 Income Statement (figures in $ millions) Net sales $508,423 $485,953 Cost of goods sold 373,476 361,336 Selling, general, and administrative expenses 96,061 91,853 Depreciation 10,609 10,160 Earnings before interest and taxes (EBIT) $ 20,277 $ 22,604 nterest expense 2,25 2,347 Taxable income $ 18,019 $ 20,257 Tax 4,600 7,090 Net income $ 13,419 $ 13, 167 Dividends 6,204 6,775 Addition to retained earnings $ 7,215 $ 6,392