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ACC 290 Financial Problem Part 1

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ACC 290 Financial Problem Part 1
Financial Reporting Problem, Part 1
ACC/290
Individual Financial Reporting Problem
Browse the Internet to acquire a copy of the most recent annual report for a publicly traded company. Analyze the information
contained in the company’s balance sheet and income statement to answer the following questions:
• What are the company’s total assets at the end of its most recent annual reporting period?
• What are the total assets at the end of the previous annual reporting period?
• How much cash and cash equivalents did the company have at the end of its most recent annual reporting period?
• What amount of accounts payable did the company have at the end of its most recent annual reporting period?
• What amount of accounts payable did the company have at the end of the previous annual reporting period?
• What are the company’s net revenues for the last three annual reporting periods?
• What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual
reporting period?
• What are the company’s total current assets at the end of its most recent annual reporting period?
• What are the total current assets at the end of the previous annual reporting period?
• Are the assets included under the company’s current assets listed in the proper order? Explain your answer.
• What are the company’s total current liabilities at the end of its most recent annual reporting period? • What are the
company’s total current liabilities at the end of the previous annual reporting period?
Answer the above questions in “Short Answer” format in a Microsoft® Word document. Your answers are not to be in the form
of a paper or essay.
Include a copy of the company’s balance sheet and income statement.
• Considering all the information you have gathered, why might this information be important to potential creditors, investors,
and employees?
Answer this question in a 200- to 300-word paper in a Microsoft® Word document. Format your paper and presentation
consistent with APA guidelines. Provide at least two citations/references to indicate the source of the information.
Abstract

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In this paper we will discuss Walmart’s Balance sheet and Income
Statement. We will analyze the company’s total assets at the end of the
most recent annual reporting year and to why it is important. We then will
talk about the company’s total assets, how much cash and cash
equivalents did the company have, as well as, the amount of accounts
payable at the most recent year, and from the previous year. What the
company’s net revenues are from the last three annual reporting periods,
the change in dollars in the company’s net income from the most recent
annual reporting period to the previous annual reporting period. We will
talk about the company’s total assets at the end of the most recent year
and the previous year from the annual reporting period. Lastly, we will
discuss as to what information that has been obtained within this paper
that would be important to a potential investor, employee and so forth.
Financial Reporting Problem, Part 1
Total Assets
The total assets for Wal-Mart as of January 31, 2013 were
$203,105,000. The reason this is important for a company or business to
know, is so the business can have a better understanding of how much
the company is worth. Knowing how much a company is worth is
beneficial because the assets can be used as collateral for a loan. Also
knowing the assets and comparing total assets to previous years can
show if a company is growing and expanding or shrinking. For Wal-Mart,
the comparison from the previous year shows that the total assets
increased. As of January 31, 2012 the company showed total assets of
$193,406,000. With the comparison from January 31, 2012 to the
current figure from January 31, 2013 Wal-Mart grew and/or expanded in
total assets by 9,699,000.

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