Library/Business/Financial Accounting, Tenth Edition/Specimen Financial Statements: Wal-Mart Stores, Inc.

Specimen Financial Statements: Wal-Mart Stores, Inc.

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Questions

Question 1

According to the Consolidated Statements of Income, what were Wal-Mart's Net sales for the fiscal year ended January 31, 2016?

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Question 2

In the fiscal year 2015, what was the value of Wal-Mart's 'Income from discontinued operations, net of income taxes'?

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Question 3

What was the Basic net income per common share attributable to Walmart for the fiscal year ended January 31, 2016?

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Question 4

According to the Consolidated Statements of Comprehensive Income for 2016, what was the total 'Other comprehensive income (loss), net of income taxes'?

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Question 5

On the Consolidated Balance Sheets, what was the value of 'Total current assets' as of January 31, 2016?

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Question 6

As of January 31, 2015, what was the largest component of Wal-Mart's current assets?

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Question 7

What was Wal-Mart's total 'Long-term debt' as of January 31, 2016?

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Question 8

What was the value of Wal-Mart's 'Retained earnings' as of January 31, 2016?

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Question 9

From the Consolidated Statements of Shareholders’ Equity, how many shares of Common Stock were outstanding as of February 1, 2013?

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Question 10

In fiscal year 2016, what was the total 'Cash dividends declared ($1.96 per share)' reported in the Consolidated Statement of Equity?

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Question 11

According to the Consolidated Statements of Cash Flows, what was the 'Net cash provided by operating activities' for fiscal year 2016?

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Question 12

In fiscal year 2016, what was the largest cash outflow in 'Cash flows from investing activities'?

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Question 13

In fiscal year 2016, what was the largest cash outflow in 'Cash flows from financing activities'?

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Question 14

What was the 'Net increase (decrease) in cash and cash equivalents' for fiscal year 2016?

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Question 15

In the Consolidated Statements of Income, how did Wal-Mart's 'Operating income' change from 2015 to 2016?

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Question 16

What was the total amount of dividends declared per common share across the three fiscal years presented (2014, 2015, and 2016)?

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Question 17

In the Consolidated Balance Sheets, what was the percentage change in 'Inventories' from January 31, 2015 to January 31, 2016?

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Question 18

According to the Consolidated Statements of Cash Flows for fiscal year 2016, what was the primary source of cash for Wal-Mart?

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Question 19

What was Wal-Mart's current ratio as of January 31, 2016?

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Question 20

Based on the Consolidated Statements of Cash Flows for fiscal year 2016, how did Wal-Mart primarily use its cash?

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Question 21

What was the reported value of Wal-Mart's 'Receivables, net' as of January 31, 2016?

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Question 22

In the Consolidated Statements of Income for fiscal year 2016, what was the 'Total provision for income taxes'?

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Question 23

Which statement best describes the purpose of the Consolidated Statements of Comprehensive Income?

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Question 24

What was the value of Wal-Mart's 'Goodwill' as of January 31, 2016?

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Question 25

How did Wal-Mart's 'Total Equity' change from January 31, 2015 to January 31, 2016?

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Question 26

On the supplemental disclosure of the cash flow statement for fiscal year 2016, what was the total cash paid for 'Interest'?

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Question 27

What does 'Consolidated net income attributable to noncontrolling interest' represent on the Consolidated Statements of Income?

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Question 28

How did Wal-Mart's 'Cash and cash equivalents, end of year' balance change from January 31, 2014 to January 31, 2016?

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Question 29

In the Consolidated Statement of Cash Flows, what was the largest source of cash in 'financing activities' for fiscal year 2014?

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Question 30

What was the value of 'Property and equipment, net' as of January 31, 2016?

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Question 31

From the Consolidated Statements of Income, what was the 'Weighted-average common shares outstanding: Basic' for fiscal year 2016?

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Question 32

What was the total 'Other comprehensive income (loss) attributable to Walmart' for the three years presented (2014, 2015, and 2016)?

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Question 33

In the Consolidated Statement of Cash Flows for 2016, what was the value of 'Depreciation and amortization' used to reconcile net income?

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Question 34

What was the total amount of 'Cash dividends paid' in fiscal year 2016 according to the statement of cash flows?

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Question 35

What does a negative value in 'Net cash used in investing activities' on the Statement of Cash Flows imply?

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Question 36

As of January 31, 2016, what was Wal-Mart's largest liability on its Consolidated Balance Sheet?

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Question 37

What was the 'Total Walmart shareholders’ equity' as of January 31, 2016?

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Question 38

In the supplemental disclosure on the 2016 Statement of Cash Flows, what was the value of 'Income taxes paid'?

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Question 39

Did Wal-Mart's 'Consolidated net income' increase or decrease from fiscal year 2015 to 2016?

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Question 40

What was the value of 'Short-term borrowings' under current liabilities as of January 31, 2016?

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Question 41

What was the 'Interest, net' expense for the fiscal year ended January 31, 2016?

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Question 42

How did the number of 'Diluted' weighted-average common shares outstanding change from 2014 to 2016?

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Question 43

In the Consolidated Statement of Cash Flows, the section 'Changes in certain assets and liabilities' is a component of which activity?

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Question 44

What was the total 'Purchase of Company stock' reported in the financing activities section of the cash flow statement for the three years 2014-2016?

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Question 45

What was the 'Total liabilities and equity' at the end of fiscal year 2016?

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Question 46

Which item is subtracted from 'Consolidated net income' to arrive at 'Consolidated net income attributable to Walmart' on the income statement?

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Question 47

How is 'Property and equipment, net' calculated on the Consolidated Balance Sheet?

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Question 48

In the Statement of Cash Flows for 2016, what was the impact of the change in 'Inventories' on cash from operating activities?

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Question 49

On the Consolidated Balance Sheets, by how much did 'Total Current Liabilities' decrease from January 31, 2015 to January 31, 2016?

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Question 50

Which of the following items is included as a reconciling item to convert 'Income from continuing operations' to 'Net cash provided by operating activities' in the 2016 Statement of Cash Flows?

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