Problem $29-3$ Performance measures

The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal $2019,$ Walmart had $2,877$

million shares outstanding with a share price of $$112.$ The company's weighted$-$average cost of capital was about $5\%.$ Assume a tax

rate of $21\%.$

a$.$ Calculate the market value added.

Note: Enter your answer in millions rounded to nearest whole number.

b$.$ Calculate the market$-$to$-$book ratio.

Note: Round your answer to $2$ decimal places.

c$.$ Calculate the economic value added.

Note: 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.

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

$**$ Answer is complete but not entirely correct.