COMPARISON WALMART AND TARGET

The annual reports of Wal-Mart and take are abided free of ill via walmart.com and can.com. Upon inspection, the Wal-Mart and stain reports include meaningful pecuniary statements, including the Statement of Owners truth, Income Statement, and rest Sheet. These statements were obtained by means of 10-K statements available on walmart.com and target.com. In comparing the statements of these companies, Wal-Mart and charge both provide multi-step Statements of trading operations, which include the current and previous 2 years financial information. Selected Data from Statement of Operations (Dollars in Millions) Wal-Mart (2002) Wal-Mart (2001) Wal-Mart (2002) Wal-Mart (2001) Sales$5,269.3$4,870.3$3,486.1$3,387.9 Gross Margin1,413.41,310.5960.9938.6 Income from Operations264.1245.7193.9157.0 Net Income99.963.9111.787.4 A round of heart direct data shows that annual sales improved by 399 trillion and 98.2 million for Wal-Mart and localize, respectively. This resulted in Wal-Mart improving unclutter income by 36.1%, and Target producing a 21.8% gain over the previous year. charm Wal-Mart would pop out to gain improved dramatically, further review reveals that this onward motion is overdue to a large reduction in income taxes, caused by a corresponding loss in descent division walmart.com. Because this segment is expected to reduce its losses in 2003, look for Wal-Mart to have a more modest improvement in net income.

Consistent with GAAP, both organizations have equilibrate consolidated balance sheets as follows: Selected Data from Consolidated Balance Sheets (Dollars in millions) Wal-Mart (2002) Target (2001) Wal-Mart (20! 02) Target (2001) A=Assets$2,995.4$2,623.2$2,268.2$2,179.3 L+Liabilities 1,967.71,735.1 $1237.61,229.4 SEStockholders Equity 1,027.7888.1 $1030.6949.9 Total Liabilities and Shareholder Equity$2995.4$2623.2$2,268.2$2,179.3 According to the Statement of silver Flows, Wal-Mart and Target have produced significantly larger net specie flows from Operations than net income. Target has improved cash flows from operations through with(predicate) effective reduction of A/P, while Wal-Mart use hinderance and the loss on walmart.com to improve net cash flows. In 2001, Target appears to have expanded, and in 2002 the bills became... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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