@Interest income is earned on cash and cash equivalents. Please estimate the rate Wal-Mart earned using the 2016 income statement and the 2016 and...
View the step-by-step solution to:

Question

WechatIMG4.jpegWechatIMG3</h1><p class='abPRemoveTitle'> 1.jpegWechatIMG2.jpegThe left column is the year 2016.

WechatIMG2.jpeg

@Interest income is earned on cash and cash equivalents. Please estimate the rate Wal-Mart
earned using the 2016 income statement and the 2016 and 2015 balance sheets. Please
hazard a guess of why it is so low.

WechatIMG3 1.jpeg

Operating income
24,105
27,147
Interest:
26,872
Debt
Capital lease and financing obligations
2,027
2,161
2,072
Interest income
521
300
263
(81)
(113)
(119)
Interest, net
2,467
2,348
2,216

WechatIMG4.jpeg

ASSETS Current assets:
Cash and cash equivalents $ 8,705 $ 9,135
Receivables, net 5,624 6,778
Inventories 44,469 45,141 Prepaid expenses and other 1,441 2,224

Top Answer

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question