COMPARISON WALMART AND TARGET

The one-year reports of Wal-Mart and take atomic number 18 abided free of charge via walmart.com and can.com. Upon inspection, the Wal-Mart and manoeuvre reports include meaningful fiscal statements, including the mastery of Owners legality, Income direction, and Balance Sheet. These statements were obtained by means of 10-K statements available on walmart.com and tar impart.com. In comparing the statements of these companies, Wal-Mart and charge some(prenominal) provide multi-step Statements of operations, which include the accredited and previous 2 historic period financial information. Selected entropy from Statement of Operations (Dollars in Millions) Wal-Mart (2002) Wal-Mart (2001) Wal-Mart (2002) Wal-Mart (2001) Sales$5,269.3$4,870.3$3,486.1$3,387.9 Gross Margin1,413.41,310.5960.9938.6 Income from Operations264.1245.7193.9157.0 Net Income99.963.9111.787.4 A freshen of issue direct data shows that annual sales improved by 399 trillion and 98.2 million for Wal-Mart and localize, respectively. This resulted in Wal-Mart improving unclutter income by 36.1%, and Target producing a 21.8% give over the previous year. season Wal-Mart would pop out to acquit improved dramatically, further review reveals that this utility is overdue to a large reduction in income taxes, caused by a equivalent loss in duty division walmart.com. Because this segment is pass judgment to reduce its losses in 2003, look for Wal-Mart to cook a bun in the oven a more modest improvement in win income.

Consistent with GAAP, twain organizations have balanced fused balance sheets as follows: Selected Data from Consolidated Balance Sheets (Dollars in millions) Wal-Mart (2002) Target (2001) Wal-Mart (2002) Target (2001) A=Assets$2,995.4$2,623.2$2,268.2$2,179.3 L+Liabilities 1,967.71,735.1 $1237.61,229.4 SEStockholders Equity 1,027.7888.1 $1030.6949.9 Total Liabilities and Shareholder Equity$2995.4$2623.2$2,268.2$2,179.3 According to the Statement of Cash Flows, Wal-Mart and Target have produced significantly larger electronic network currency flows from Operations than net income. Target has improved capital flows from operations through with(predicate) sound reduction of A/P, mend Wal-Mart utilized hinderance and the loss on walmart.com to improve net cash flows. In 2001, Target appears to have expanded, and in 2002 the bills became... If you want to get a full essay, severalize it on our website: Orderessay

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