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ACC 205 Principles Of Accounting Week 5 Final Paper(6 pages word paper)
Financial Analysis of Wal-Mart
The purpose is to present the financial analysis of Wal-Mart Stores Inc. To analyze the financial
position data for the year ended Jan 2012 and Jan 2011 has been used. For this purpose the
horizontal and ratio analysis techniques have been used.
WMT is the symbol of Wal-Mart listed in NYSE in 1972. However, it was founded in 1962 by
Sam Walton. It is the largest company in the discount variety store sector; it has around more
than 8000 stores. Its total revenue stood at $464 billion. The total revenue of the company is
around $187 billion more than its three competitors combined sales revenue for the year 2011.
The combined sales revenue of Carrefour SA, Costco and Target is around $277 billion.
Comparing two years financial statements or comparing one company’s financial statements
with other company is called horizontal analysis. If you are comparing sales of two years you
will find the difference in sales between two years in % as well as in $.
Wal-Mart Stores Inc. WMT
All figures in billions of dollars
Horizontal Analysis for 3 years
less cost of goods sold
Net income from continued
The above analysis of income statement has been made for three years, first the comparison is
between 2012 and 2011 and then 2011 and 2010. The above analysis shows that the net income
has gone down in the year 2012 by around 4% as compared to 2011, while it had gone up by
around 14% in 2011 as compared to 2010. Despite a good increase in sales in 2012 as compared
to 2011, the increase in cost of goods sold was higher in 2012 as compared to 2011, which could
not converted the increase in sales in better net income. The increase in operating expense was
around 5% in 2012 as compared to 2011, while it was around 2% in 2011 as compared to 2010.
It was also one of the main reasons for lower net income in 2012 as compared to 2011.
Wal-Mart Stores Inc. WMT
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