Statement
Wal-Mart Inc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Statements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ending | 31-Jan-15 | 31-Jan-14 | 31-Jan-13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Sales | 485,651, | 0 | 476,294,000 | 468,651,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cost of Goods | 365,086,000 | 358,069,000 | 352,297,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross Profit | 120,565,000 | 118,225,000 | 116,354,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Selling General and Administrative | 93,418,000 | 91,353,000 | 88,629,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Operating Profit ( for ratio) | 27,147,000 | 26,872,000 | 27,725,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Other Income/Expenses Net | 113,000 | 119,000 | 186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Before Interest And Taxes | 27,260,000 | 26,991,000 | 27,911,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense | 2,461,000 | 2,335,000 | 2,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Before Tax | 24,799,000 | 24,656,000 | 25,662,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income Tax Expense | 7,985,000 | 8,105,000 | 7,958,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minority Interest | -736,000 | -673,000 | -757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income From Continuing Ops | 16,814,000 | 16,551,000 | 17,704,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discontinued Operations | 285,000 | 144,000 | 52,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income (Net Profit) (for ratio) | 16,363,000 | 16,022,000 | 16,999,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1 | 4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
USE THESE PRICES | Price per share | $ 10.00 | $ 9.00 | $ 8.00 |
Income Statement -see other tabs below for the
and ratio ‘worksheet’.
Balance Sheet
Balance Sheets | ||||||
Assets | ||||||
Current | ||||||
Cash And Cash Equivalents | 9,135,000 | 7,281,000 | 7,781,000 | |||
Net Receivables | 6,778,000 | 6,677,000 | 6,768,000 | |||
Inventory | 45,141,000 | 44,858,000 | 43,803,000 | |||
Other Current Assets | 2,224,000 | 2,369,000 | 1,588,000 | |||
Total Current Assets | 63,278,000 | 61,185,000 | 59,940,000 | |||
Property Plant and Equipment | 116,655,000 | 117,907,000 | 116,681,000 | |||
Goodwill | 18,102,000 | 19,510,000 | 20,497,000 | |||
Other Assets | 5,671,000 | 6,149,000 | 5,987,000 | |||
Total Assets | 203,706,000 | 204,751,000 | 203,105,000 | |||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts Payable | 58,583,000 | 57,174,000 | 59,099,000 | |||
Short/Current | Long Term Debt | 6,6 | 89,000 | 12,082,000 | 12,719,000 | |
Other Current Liabilities | – | 196000 | ||||
Total Current Liabilities | 65,272,000 | 69,345,000 | 72,014,000 | |||
43,692,000 | 44,559,000 | 41,417,000 | ||||
Deferred Long Term Liability Charges | 8,805,000 | 8,017,000 | 7,613,000 | |||
4,543,000 | 5,084,000 | 5,395,000 | ||||
Total Liabilities | 122,312,000 | 127,005,000 | 126,439,000 | |||
Misc Stocks Options Warrants | 116,000 | |||||
Common Stock | 323,000 | 202,000 | ||||
Retained Earnings | 85,777,000 | 76,566,000 | 72,978,000 | |||
Capital Surplus | 2,462,000 | 2,362,000 | ||||
Other Stockholder Equity | -7,168,000 | -1,505,000 | -630,000 | |||
Total Stockholder Equity | 81,394,000 | 77,746,000 | 76,666,000 | |||
Total Liabilities + Stockholder Equity |
Balance Sheet -see other tabs below for the Income Statement and ratio ‘worksheet’.
This worksheet will support your findings | |||||||
MT 217 Financial Statement Ratio Worksheet | 2015 | 2014 | 2013 | ||||
CATEGORY | Student A | Liquidity | Group member #1 | ||||
Quick | |||||||
Student B | Liquidity (set 2) | Accts Receivable Turns | |||||
Accts Payable Turns | |||||||
Student C | Profitability (set 1) | Return on Equity % | Group member #2 | ||||
Return on Assets% | |||||||
Student D | Profitability (set 2) | Operating (pre tax) Margin % | |||||
Net Profit (after tax) Margin % | |||||||
Profitability Ratio | Student E | Market Ratio | Earnings per Share | Group member #5 | |||
1. Earnings Per Share, | Price to Earnings ratio | ||||||
14,000,000 shares outstanding | |||||||
2. Price Earnings Ratio | $ 3.00 | ||||||
% 4 decimals | |||||||
others 2 decimals |
Use of three years of data (2013, 2014, and 2015). Enter ratio outcomes here and expand your comments per the red tab /instructions.
MT 217 Wal-Mart | |||
2013, 2014, and 2015 Ratio Analysis | |||
The paper should include an evaluation section for the three groupings of ratio (A) then an overall comparison (B) to validate your team’s conclusion. | |||
Consider these three area as the body of your ‘written review’. | |||
A. Once each ratio analysis is completed please note: | |||
1. Trends in Liquidity ratios ( both sets) | Group member #3 | ||
2. Trends in Profitability ratios (both sets) | Group member #3 | ||
3. Trends in Market ratios | |||
Include any comments based upon these questions | |||
B. Once the ratio analysis is completed please note: | |||
1. Note a couple problem areas that you would investigate further. | Group member #4 | ||
2. Are there any other specific pieces of information that you would request from your management team with regards to this firm? | |||
3. Would you invest money (yes – no) in this firm based on your analysis? What outcomes lead to this decision? | |||
Group member #5 performs reviews and edits |
This is an explain outline you’d prepare in a Word document
Some common links to financial information |
You’d be surprised to see….page 21 Legal proceedings |
How to access SEC filings |
http://www.sec.gov/Archives/edgar/data/104169/000010416913000011/wmt10-k.htm |
This is the source of the data used in this project |
This same site provides access to the other DJIA 30 stocks |
https://finance.yahoo.com/q/bs?s=WMT+Balance+Sheet&annual |
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