Calculate the ratios (based on the following data) Consolidated Statement of Inc
ID: 2406083 • Letter: C
Question
Calculate the ratios (based on the following data)
Consolidated Statement of Income Fiscal Years Ended January 31, (Amounts in millions, except per share data) 2017 2016 Revenues: Net sales $481,317 $478,614 Membership and other income 4,556 3,516 Total revenues 485,873 482,130 Costs and expenses: Cost of sales 361,256 360,984 Operating, selling, general and administrative expenses 101,853 97,041 Operating income 22,764 24,105 Interest: Debt 2,044 2,027 Capital lease and financing obligations 323 521 Interest income (100) (81) Interest, net 2,267 2,467 Income from continuing operations before income taxes 20,497 21,638 Provision for income taxes 6,204 6,558 Income from continuing operations 14,293 15,080 Income from discontinued operations, net of income taxes Consolidated net income 14,293 15,080 Consolidated net income attributable to noncontrolling interest (650) (386) Consolidated net income attributable to Walmart $13,643 $14,694 Basic net income per common share: Basic income per common share from continuing operations attributable to Walmart $4.40 $4.58 Basic income per common share from discontinued operations attributable to Walmart Basic net income per common share attributable to Walmart $4.40 $4.58 Diluted net income per common share: Diluted income per common share from continuing operations attributable to Walmart $4.38 $4.57 Diluted income per common share from discontinued operations attributable to Walmart Diluted net income per common share attributable to Walmart $4.38 $4.57 Weighted-average common shares outstanding: Basic 3,101 3,207 Diluted 3,112 3,217 Dividends declared per common share $2.00 $1.96 See accompanying notes.Explanation / Answer
Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. 2017 2016 Current Ratio Current Assets/Current Liabilities 57689/66928 0.86 60239/64619 0.93 Acid-Test Ratio Current Assets Less Stock and Prepaid/Current Liabilities (57689-1941-43036)/66928 0.19 (60239-1441-44469)/64619 0.22 Accounts Receivable turnover Net Credit Sales/AVERAGE accounts Receivable 481317/5835 82.49 478614/5624 85.10 Days Sales Uncollected 365/Accounts Receivable Turnover 365/82.49 4.42 365/85.1 4.29 Inventory Turnover COGS/Average Inventory 361256/43046 8.39 101853/44469 2.29 Days Sales in inventory 365/Inventory Turnover 365/8.39 43.50 365/2.29 159.39 Debt Ratio Total Liabilities/Total Assets (66928+36015+6003+9344)/198825 59.49% (64619+38214+5816+7321)/199581 58.11% Equity Ratio 1-Debt Ratio 40.51% 41.89% Debt to Equity Ratio Total Liabilities/Total Equity (66928+36015+6003+9344)/77798 152.05% (64619+38214+5816+7321)/80546 143.98% Gross Margin Gross Margin/Sales (481317+4556-361256)/(481317+4556) 25.65% (478614+3516-360984)/(478614+3516) 25.13%
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