Question: ACCT 400 Advanced Accounting Financial Statement Analysis Project To complete this project, you will need to find online the 2022 annual reports of Walmart and

ACCT 400

Advanced Accounting

Financial Statement Analysis Project

To complete this project, you will need to find online the 2022 annual reports of Walmart and Target, one of Walmart’s competitors. Please download this assignment file and answer the questions using the space provided. 


Questions

Answers





Part 1
Which financial statement would you use to assess Walmart’s financial position?




List ratios you would use to assess Walmart’s liquidity?




List ratios you would use to assess Walmart’s solvency?




Part 2
Which financial statement would you use to assess Walmart’s profitability?




List ratios you would use to assess Walmart’s profitability




Part 3
Which financial statement shows Walmart’s ability to generate cash flows?




In 2022, how much cash did Walmart generate from its operations?




Were the cash flows generated from operations enough to pay for property and equipment in 2022?




Part 4
What inventory costing method did Walmart use in 2022?




Summarize Walmart’s depreciation policy for property and equipment




Part 5
Compute three of the liquidity ratios you listed above for Walmart for 2022 and 2021:
2022
2021
Discuss Walmart’s liquidity ratios




Compute three of the solvency ratios you identified in Part 1 for Walmart 2022 and 2021:
2022
2021
Discuss Walmart’s solvency ratios




Compute three profitability ratios you identified above for Walmart for 2022 and 2021:
2022
2021
Discuss Walmart’s profitability ratios.  Is Walmart more profitable in 2022




Part 6
Compute the profitability ratios for Target
2022
2021




Compare Walmart to Target.  Which company is more profitable?




Compare the changes in stock prices in the last year between the two companies.  Are changes in stock price consistent with the difference in profitability?




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