Compare Walmart and Target's 2022 financial statements. What are the differences and similarities between their income statements?
Question:
Compare Walmart and Target's 2022 financial statements. What are the differences and similarities between their income statements? How would you compare sales, costs of goods sold, and expenses between the two companies? What are the differences and similarities between their balance sheets? What classifications are presented? How are the accounts receivable and accounts payable compared for both companies? Locate the notes to the financial statements and highlight three notes you found that would be of interest to investors about each company (that they will use to make investment decisions).
Link to Walmart's 2022 Annual Report
https://s201.q4cdn.com/262069030/files/doc_financials/2022/ar/WMT-FY2022-Annual-Report.pdf
Link to Target's 2022 Annual Report
https://corporate.target.com/getmedia/0817b557-7676-440b-a85d-3f48954ff919/2022-Target-Annual-Report.pdf
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw