Question: Using the financial data provided for Walmart Inc., create a classified balance sheet as of the end of the fiscal year. Ensure proper classification of

  • Using the financial data provided for Walmart Inc., create a classified balance sheet as of the end of the fiscal year. Ensure proper classification of assets, liabilities, and equity.

Assets

Amount (in millions)

Liabilities and Equity

Amount (in millions)

Current Assets

$100,000

Current Liabilities

$70,000

- Cash and Cash Equivalents

$10,000

- Accounts Payable

$30,000

- Inventory

$30,000

- Short-term Debt

$20,000

Non-current Assets

$150,000

Non-current Liabilities

$80,000

- Property, Plant, & Equipment

$100,000

- Long-term Debt

$50,000

- Investments

$50,000

- Shareholders' Equity

$100,000

Total Assets

$250,000

Total Liabilities and Equity

$250,000

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