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ACC 280 Wal-Mart Analyzing Success




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Analyzing Success
ACC 280 Wal-Mart Analyzing Success
Wal-Mart: Analyzing Success
Wal-Mart has come a long way from when they first opened their doors
in 1962. Just as the Company’s logo has changed over the years so has
the company itself. The company has grown from a small town store to a
well-known name globally. The company’s five year financial summary
shows Wal-Mart being financially secure in which a large amount of
companies are just struggling to stay afloat. Review of where Wal-Mart
came from and where they are today along with the company’s financial
success will help shed some light on why they are so successful today.
History of Wal-Mart
According to (n.d.), Sam Walton opened the first Wal-Mart
discount store in Rogers, Arkansas, in 1962. The purpose behind
opening Wal-Mart was to help people save money and live better lives.
Seven years later on October 31, 1969 the company incorporated as
Wal-Mart Stores, Inc. Company shares originally began trading on the
OTC markets in 1970 and two years later was listed on the New York
Stock Exchange ticker as WMT. In 1983 the company opened their first
membership warehouse style store, Sam’s Club, and five year later
opened the first supercenter Wal-Mart. Wal-Mart’s mission statement
has continued to this day and has played out in every aspect of the
Company, from the customers, to the employees and shareholders, and
on to the communities. In March, 2009, Ernst and Young, LLP released
in their Report of Independent Registered Public Accounting Firm on
Internal Control over Financial Reporting for Wal-Mart. This reported
stated in their opinion that Wal-Mart Stores, Inc. had effective internal
control over their financial reporting. Reports such as these, showing
that this Company has such commitment to the internal control of the
financial aspects of a business have helped Wal-Mart succeed. Today
there are thousands of stores around the globe with more than 176
million customers who shop at Wal-Mart to purchase items at prices they

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can afford. It has been proven by Global Insight, an independent
research firm, that Wal-Mart saves the average American household
over $3,100 per year whether it is from shopping at the store or from
using one of their many programs. Wal-Mart has been able to offer its
customers in the United State a $4 prescription drug program saving
customers nearly $2 billion. Customers in Mexico and Brazil have also
been able to save with similar prescription programs. Here in the United
States, Wal-Mart has generated more than $13.2 billion in state and
local tax revenue that help support education transportation projects and
civil services (, n.d.). Wal-Mart has proven time and time
again how serious it is in helping people save money and live better
At the end of Wal-Mart's most recent annual reporting period, Wal-Mart
$7.275 million in cash and cash equivalents. In 2008, they reported
$5.492 million in
cash and cash equivalents. Wal-Mart's total current assets at the end of
2009 were $163.429 million and $163.514 million in 2008. The current
assets should be presented in the following order: (a) cash and cash
equivalents, (b) inventories, (c) accounts receivable, (d) prepaid
expenses. Wal-Mart's two largest current assets in 2009 and 2008 are
cash and cash equivalent and inventories. In 2009, Wal-Mart had $7.275
million in Cash & Cash Equivalents and $34.511 million in Inventories. In
2008, Wal-Mart had $5.492 million in Cash & Cash Equivalent and
$35.159 million in Inventories. Wal-Mart's total assets at the end of the
2009 annual reporting
period is $163.429 million. The total assets at the end of the 2008 annual
reporting period were
$163.514 million (, 2009).
Revenue & Income
Annual revenue and income has consistently increased over the last
three years, which is especially impressive since 2009 was such a
difficult year for the American economy. According to the 2009 Wal-Mart

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