Question: Please use the five-year financial summary and an assumed 5.50% cost of capital to calculate the economic profit earned by Walmart in years 2016 to

Please use the five-year financial summary and an assumed 5.50% cost of capital to calculate the economic profit earned by Walmart in years 2016 to 2020. Show your work.

Please use the five-year financial summary and an assumed 5.50% cost of

Walmart Balance Sheet: Year Total Assets Operating Liabilities Net Operating Assets 2016 2017 2018 2019 2020 $ 198,825 $ 204,522 $ 219,295 $ 236,495 $ 236,495 $ 252,496 $ 62,087 $ 68,214 $ 69,219 $ 71,062 $ 75,839 $ 136,738 $ 136,308 $ 150,076 $ 165,433 $ 176,657 Walmart Income Statement: Year Total Revenue Cost of Revenue, Total Selling, General and Other expense Operating Income 2016 2017 2018 2019 2020 $ 485,873 $ 500,343 $ 514,405 $ 523,964 $ 559,151 $ 361,256 $ 373,396 $ 385,301 $ 394,605 $ 420,315 $ 101,853 $ 106,510 $ 107,147 $ 108,791 $ 111,888 $ 22,764 $ 20,437 $ 21,957 $ 20,568 $ 26,948

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