Description
Using the Annual Report of your selected company answer the following questions in the Discussion:
- What depreciation method does the company use for reporting in its financial statements? Why do you think they chose this method?
- What was the amount of depreciation and amortization for the year end?
- Compute the asset turnover ratio for the year end.
- How does this ratio compare to the industry ratio? What does this tell you about the company?
- What classifications of debt and/or equity security investments does the company hold?
- How are the company's available-for-sale investments reported? How are the company's trading investments reported?
Post the name of your selected company and the link to the statement with your discussion post. You may use a service such as Yahoo Finance to help research industry averages. The notes to the financial statements will also be of use in answering the discussion questions. For many of the ratios in the discussion, you will need 2-3 years' worth of financial data.
The company will be "WALMART"
Explanation & Answer
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Running head: ACCOUNTING FOR ASSETS IN WALMART INC
Accounting for Assets in Walmart Inc
Student’s Name
Institution
Date
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ACCOUNTING FOR ASSETS IN WALMART INC
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Accounting for Assets in Walmart Inc
Company Name: Walmart Incorporated
Link to Annual Report:
http://s2.q4cdn.com/056532643/files/doc_financials/2018/annual/WMT-2018_AnnualReport.pdf
The Method Used to Calculate Depreciation
Walmart Inc uses the straight-line depreciation method for financial reporting of the
assets in the corporation. This technique reduces the price of an asset by a fixed dollar amount
regularly over the estimated usefu...
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