Wal-Marts Financial and Accounting Profile

Paper Summary:

This paper discusses the retailer Wal-Mart and its financial statements. Particularly examined are its 2005 and 2004 fiscal results. The paper concludes that Wal-Mart is not only a leading enterprise in terms of its ongoing operations but also is a leading firm in managing and devising its financial strategies that support its worldwide operations.

From the Paper:

"Wal-Mart Stores, Inc. operates retail stores in various retailing formats in all 50 states in the United States. The Wal-Mart Stores segment includes its discount stores, Super Centers, and Neighborhood Markets in the United States (Wal-Mart, 2006). The SAM's CLUB segment includes the warehouse membership clubs in the United States. The International segment includes all of its operations in Argentina, Brazil, Canada, China, Japan, Germany, Korea, Mexico, Puerto Rico and the United Kingdom. For fiscal year 2002 Wal-Mart reported total sales of $312,427m, net income of $11,231m, and total assets of $138,187m (Wal-Mart, 2006). Income Statements Wal-Mart's financial reports are prepare in a multi-step methodology since it tends to breakdown its total sales through margins, interest expense, effective tax rate and cost of goods sold to arrive at its net income figure."

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