Project

This is a business project. All the guidelines are mentioned on the word document. The required material for the project can be found on google easily. The assignment is to be submitted via excel.

Instructions for final project:

1. Locate the audited financial statements in the 2019 Walmart Annual Report and 2019 Target Annual Report.

2. Using the 2019 income statement, prepare a horizontal analysis for both companies. (you will also need 2018 to complete this step)

3. Using the 2019 balance sheet, prepare a vertical analysis for both companies. You can perform this using only the key accounts/subtotals. Ie. Cash, A/R, Inventory, current assets, PP&E, Total Assets, A/P, current liabilities, Debt, Owners Equity. Each company may have a little different account structure, but the main subtotals will be available for both companies.

4. Perform the following ratios: Current, Quick, A/R Turnover/Inventory Turnover/Debt to Equity, times interest earned, gross profit, profit margin, return on assets, return on sales (refer to exhibit 13)

5. List 3 observations from your calculations that demonstrate you have analyzed both companies.

Submit your project on an excel spreadsheet.