Complete a Pro Forma financial statements (Balance Sheet and Income Statement) for the next two fiscal years (2020 & 2021), assuming a 10% growth rate in sales and Cost of Goods Sold (COGS) for each of the next two years.

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(Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets. Property and equipment: Property and equipment Less accumulated depreciation Property and equipment, net Property under capital lease and financing obligations: Property under capital lease and financing obligations Less accumulated amortization Property under capital lease and financing obligations, net Goodwill Other long-term assets Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities Long-term debt Long-term capital lease and financing obligations Deferred income taxes and other Equity: Commitments and contingencies Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity $ As of January 31, 2019 7,722 6,283 44,269 3,623 61,897 185,810 (81,493) 104,317 12,760 (5,682) 7,078 31,181 14,822 219,295 5,225 47,060 22,159 428 1,876 729 77,477 43,520 6,683 11,981 288 2,965 80,785 (11,542) 72,496 7,138 79,634 219,295 S $ 2018 6,756 5,614 43,783 3,511 59,664 185,154 (77,479) 107,675 12,703 (5,560) 7,143 18,242 11,798 204,522 5,257 46,092 22,122 645 3,738 667 78,521 30,045 6,780 8,354 295 2,648 85,107 (10,181) 77,869 2,953 80,822 204.522 (Amounts in millions) ASSETS Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets. Property and equipment: Property and equipment Less accumulated depreciation Property and equipment, net Property under capital lease and financing obligations: Property under capital lease and financing obligations Less accumulated amortization Property under capital lease and financing obligations, net Goodwill Other long-term assets Total assets LIABILITIES AND EQUITY Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total current liabilities Long-term debt Long-term capital lease and financing obligations Deferred income taxes and other Equity: Commitments and contingencies Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity $ As of January 31, 2019 7,722 6,283 44,269 3,623 61,897 185,810 (81,493) 104,317 12,760 (5,682) 7,078 31,181 14,822 219,295 5,225 47,060 22,159 428 1,876 729 77,477 43,520 6,683 11,981 288 2,965 80,785 (11,542) 72,496 7,138 79,634 219,295 S $ 2018 6,756 5,614 43,783 3,511 59,664 185,154 (77,479) 107,675 12,703 (5,560) 7,143 18,242 11,798 204,522 5,257 46,092 22,122 645 3,738 667 78,521 30,045 6,780 8,354 295 2,648 85,107 (10,181) 77,869 2,953 80,822 204.522

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