Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Find return on financial leverage and return of financial leverage ratio for years 2017, 2018, and 2019
Transcribed Image Text:Walmart
As Reported Annual Balance Sheet
Report Date
2019
2018
2017
2016
Scale
Thousands
Thousands
Thousands
Thousands
Assets
6,867,000
5,835,000
43,046,000
1,941,000
57,689,000
107.710,000
Cash & cash equivalents
Receivables, net
9,465,000
7,722,000
6,756,000
6,283,000
44,269,000
6.284.000
44,435,000
1,622,000
61,806,000
105,208,000
5,614,000
43,783,000
3,511,000
59,664,000
107,675,000
Inventories
Prepaid expenses & other current assets
3,623,000
61,897,000
104,317,000
Total current assets
Property & equipment, net
Operating lease right-of-use assets
Finance lease right-of-use assets, net
Property under capital lease & financing obligations, net
Goodwill
17,424,000
4,417,000
7,078,000
31,181,000
14,822,000
219,295,000
7,143,000
18,242,000
11,798,000
204,522,000
6,468,000
17,037,000
9,921,000
198,825,000
31,073,000
Other long-term assets
Total assets
16,567,000
236,495,000
Liabilities & Equity
Short-term borrowings
Accounts payable
575,000
46,973,000
22,296,000
280,000
5,362,000
1,793,000
5,225,000
47,060,000
22,159,000
428,000
1,876,000
5,257,000
46,092,000
22,122,000
645,000
3,738,000
1,099,000
41,433,000
20,654,000
921,000
2,256,000
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
Capital lease & financing obligations due within one year
511,000
77,790,000
43,714,000
16,171,000
729,000
77,477,000
43,520,000
667,000
78,521,000
30,045,000
565,000
66.928,000
Total current liabilities
Long-term debt
Long-term operating lease obligations
Long-term finance lease obligations
Long-term capital lease & financing obligations
36,015,000
4,307,000
12,961,000
154,943,000
284,000
3,247,000
83,943,000
(12,805,000)
6,883,000
81,552,000
6,683,000
11,981,000
139,661,000
288,000
2,965,000
80,785,000
(11,542,000)
6,780,000
8,354,000
123,700,000
295,000
2,648,000
85,107,000
(10,181,000)
6,003,000
9,344,000
118,290,000
305,000
2,371,000
89,354,000
(14,232,000)
2,737,000
80,535,000
Deferred income taxes & other liabilities
Total Liabilities
Common stock
Capital in excess of par value
Retained earnings (accumulated deficit)
Accumulated other comprehensive income (loss)
Noncontrolling interest
Total equity
7,138,000
79,634,000
2,953,000
80,822,000
Additional Information
27.753.000
Net cash flows from operating activities
Land
Buildings & improvements
Fixtures & equipment
25.255.000
28,337,000
31,530,000
24,619,000
105,674,000
58,607,000
24,526,000
101,006,000
54,488,000
2,316,000
3,474,000
185,810,000
81.493,000
104,317,000
25,298,000
101,155,000
52,695,000
2,387,000
3,619,000
185,154,000
77,479,000
107,675,000
24,801,000
98,547,000
48,998,000
2,845,000
4,301,000
179,492,000
71,782,000
107,710,000
Transportation equipment
Construction in progress
2,377,000
Property & equipment, gross
Less: accumulated depreciation
Property & equipment, net
3,751,000
195,028,000
89,820,000
105,208,000
As Reported Annual Income Statement
Report Date
2019
2018
2017
Scale
Thousands
Thousands
Thousands
519,926,000
4,038,000
523,964,000
394,605,000
510,329,000
4,076,000
514,405,000
385,301,000
129,104,000
107,147,000
21,957,000
1,975,000
Net sales
495,761,000
4,582,000
500,343,000
373,396,000
126,947,000
106,510,000
20,437,000
1,978,000
352,000
152,000
(3,136,000)
Membership & other income
Total revenues
Cost of sales
Gross Profit
Operating, selling, general & administrative expenses
Operating income (loss)
Interest expense on debt
Interest expense on finance, capital lease & financing obligations
Interest income
Gain (loss) on extinguishment of debt
Other gains & (losses)
129,359,000
108,791,000
20,568,000
2,262,000
337,000
189,000
371,000
217,000
1,958,000
20,116,000
4,915,000
15,201,000
(320,000)
14,881,000
(8,368,000)
11,460,000
4,281,000
7,179,000
15,123,000
4,600,000
Income (loss) before income taxes
Provision (benefit) for income taxes
Income (loss) after income taxes
Less consolidated net income attributable to noncontrolling interest
Net Income
10,523,000
(509,000)
6,670,000
(661,000)
9,862,000
Additional Information
Weighted average shares outstanding - basic
Weighted average shares outstanding - diluted
Year end shares outstanding
2.850,000
2,868,000
2,832,000
2,929,000
2,945,000
2,878,000
2,995,000
3,010,000
2,952,000
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