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Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Receivables, net nventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Jan. 31, 2022 $ 14,760 8,280 56,511 1,519 81,070 94,515 13,758 4,351 29,014 22,152 244,860 410 55,261 26,060 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 (8,766) 83,253 8,638 91,891 $200.8CO Jan. 31, 2021 $ 17,741 6,516 44,949 20,861 90,067 92,201 13,642 4,005 28,983 23,598 252,496 224 49,141 37,966 242 3,115 1,466 491 92,645 41,194 12,909 3,847 14,370 282 3,646 88,763 (11,766) 80,925 6,606 87,531 252.406

Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Receivables, net nventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: Common stock Capital in excess of par value Retained earnings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Jan. 31, 2022 $ 14,760 8,280 56,511 1,519 81,070 94,515 13,758 4,351 29,014 22,152 244,860 410 55,261 26,060 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 (8,766) 83,253 8,638 91,891 $200.8CO Jan. 31, 2021 $ 17,741 6,516 44,949 20,861 90,067 92,201 13,642 4,005 28,983 23,598 252,496 224 49,141 37,966 242 3,115 1,466 491 92,645 41,194 12,909 3,847 14,370 282 3,646 88,763 (11,766) 80,925 6,606 87,531 252.406

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Liquidity Ratios: 2022 2021
Current ratio    
Working capital  

I need help finding liquidity ratios. Could you explain why you got that? Thanks.

Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: 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 Jan. 31, 2022 $ 14,760 8,280 56,511 1,519 81,070 94,515 13,758 4,351 29,014 22,152 244,860 410 55,261 26,060 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 (8,766) 83,253 8,638 91,891 $ 244,860 Jan. 31, 2021 $ 17,741 6,516 44,949 20,861 90,067 92,201 13,642 4,005 28,983 23,598 252,496 224 49,141 37,966 242 3,115 1,466 491 92,645 41,194 12,909 3,847 14,370 282 3,646 88,763 (11,766) 80,925 6,606 87,531 $ 252,496
Transcribed Image Text:Consolidated Balance Sheets - USD ($) $ in Millions Current assets: Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total current assets Property and equipment, net Operating lease right-of-use assets Finance lease right-of-use assets, net Goodwill Other long-term assets Total assets Current liabilities: Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Operating lease obligations due within one year Finance lease obligations due within one year Total current liabilities Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Commitments and contingencies Equity: 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 Jan. 31, 2022 $ 14,760 8,280 56,511 1,519 81,070 94,515 13,758 4,351 29,014 22,152 244,860 410 55,261 26,060 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 (8,766) 83,253 8,638 91,891 $ 244,860 Jan. 31, 2021 $ 17,741 6,516 44,949 20,861 90,067 92,201 13,642 4,005 28,983 23,598 252,496 224 49,141 37,966 242 3,115 1,466 491 92,645 41,194 12,909 3,847 14,370 282 3,646 88,763 (11,766) 80,925 6,606 87,531 $ 252,496
Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance lease Interest income Interest, net Loss on extinguishment of debt Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Net income per common share: Basic net income per common share attributable to Walmart (in USD share) Diluted net income per common share attributable to Walmart (in USD per share) Weighted-average common shares outstanding: Basic (in shares) Diluted (in shares) Dividends declared per common share (in USD per share) Jan. 31, 2022 $ 567,762 4,992 572,754 429,000 117,812 25,942 1,674 320 (158) 1,836 2,410 12 Months Ended Jan. 31, 2021 3,000 18,696 4,756 13,940 (267) $ 13,673 $ 4.90 $ 4.87 2,792 2,805 $ 2.20 $ 555,233 3,918 559,151 420,315 116,288 22,548 1,976 339 (121) 2,194 0 (210) 20,564 6,858 13,706 (196) $ 13,510 $4.77 $ 4.75 2,831 2,847 $ 2.16 Jan. 31, 2020 $ 519,926 4,038 523,964 394,605 108,791 20,568 2,262 337 (189) 2,410 0 (1,958) 20,116 4,915 15,201 (320) $ 14,881 $ 5.22 $ 5.19 2,850 2,868 $ 2.12
Transcribed Image Text:Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance lease Interest income Interest, net Loss on extinguishment of debt Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Net income per common share: Basic net income per common share attributable to Walmart (in USD share) Diluted net income per common share attributable to Walmart (in USD per share) Weighted-average common shares outstanding: Basic (in shares) Diluted (in shares) Dividends declared per common share (in USD per share) Jan. 31, 2022 $ 567,762 4,992 572,754 429,000 117,812 25,942 1,674 320 (158) 1,836 2,410 12 Months Ended Jan. 31, 2021 3,000 18,696 4,756 13,940 (267) $ 13,673 $ 4.90 $ 4.87 2,792 2,805 $ 2.20 $ 555,233 3,918 559,151 420,315 116,288 22,548 1,976 339 (121) 2,194 0 (210) 20,564 6,858 13,706 (196) $ 13,510 $4.77 $ 4.75 2,831 2,847 $ 2.16 Jan. 31, 2020 $ 519,926 4,038 523,964 394,605 108,791 20,568 2,262 337 (189) 2,410 0 (1,958) 20,116 4,915 15,201 (320) $ 14,881 $ 5.22 $ 5.19 2,850 2,868 $ 2.12
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