Ratio Analysis & Statements of Cash Flow Final Report

Final PaperStakeholders ?rely on the company?s periodic fiscal statements to allow for basic information on the profitability of the rigid? (Brealey et al, 2003, pg. 449). The information included in this paper allow for decorate Wal-Mart and fag?s history, products and services, and annual reports. These reports are intended to provide investors, creditors, and shareholders a glimpse into the financial successes and challenges a company goes through in a given year. Team A go forth use financial ratios to contrast and analyze data from Wal-Mart and Target?s balance sheet, income statement, and statement of cash flow. The paper go forth also highlight internal events that affect the company?s cash position including cash generated by operating, financing, and investing activities. The clash of variable expenses will be discussed and five operating expenses will be given for three fiscal geezerhood on with an evaluation of operating leverage. Finally, Team A will compare areas of cash flow, operating, risk management, and profitability analysis for Target and Wal-Mart.

recital of Wal-MartOn July 2, 1962, Walton opened the premier(prenominal) Wal-Mart store, Wal-Mart Discount City. Within five years the company expanded to 24 stores across the state of argon and reached $12.6 million in sales. The company was incorporated as Wal-Mart Stores, Inc.



on October 31, 1969, and in 1970 opened its home office in Bentonville, Arkansas, and its first distribution center (Wal-Mart, 2007). The company began trading stock at this time as a publicly held company on October 1, 1972, and was listed on the Ney York Stock Exchange shortly thereafter (Wikipedia, 2007). Wal-Mart act to grow rapidly during the 1980s and by its 25th day of remembrance in 1987; there were 1,198 stores with sales of $15.9 billion and 200,000 associates (Wal-Mart, 2007).

History of TargetIn 1962, the Dayton Company, apply a concept developed by John F. Geisse, entered discount...

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