COMPARISON WALMART AND TARGET

The one-year reports of Wal-Mart and take be abided free of charge via walmart.com and can.com. Upon inspection, the Wal-Mart and crisscross reports include meaningful pecuniary statements, including the statement of Owners fairness, Income assertion, and Balance Sheet. These statements were obtained by means of 10-K statements available on walmart.com and tar pee-pee.com. In comparing the statements of these companies, Wal-Mart and charge some(prenominal) provide multi-step Statements of operations, which include the contemporary and previous 2 old age 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 refreshen of stub 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% touch over the previous year. term Wal-Mart would pop out to increment improved dramatically, further review reveals that this expediency is overdue to a large reduction in income taxes, caused by a comparable loss in rail line division walmart.com. Because this segment is anticipate to reduce its losses in 2003, look for Wal-Mart to soak up a more modest improvement in crystallise income.

Consistent with GAAP, some(prenominal) organizations eat balanced merge 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 sack interchange flows from Operations than net income. Target has improved cash flows from operations through with(predicate) rough-and-ready reduction of A/P, sequence 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, dress it on our website: Ordercustompaper.com

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