Financial Management

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Walmart in

2014 2013
Current Assets
Cash and Cash Equivalents 6867000 9135000
Short-Term Investments 0 0
Net Receivables 5835000 6778000
Inventory 43046000 45141000
Other Current Assets 1941000 2224000
Total Current Assets 57689000 63278000
Long-Term Assets
Long-Term Investments 0 0
Fixed Assets 114178000 116655000
Goodwill 17037000 18102000
Intangible Assets 0 0
Other Assets 9921000 5455000
Deferred Asset Charges 0 0
Total Assets 198825000 203490000
Current Liabilities
Accounts Payable 63008000 58583000
Short-Term Debt / Current Portion of Long-Term Debt 3920000 6670000
Other Current Liabilities 0 0
Total Current Liabilities 66928000 65253000
Long-Term Debt 42018000 43495000
Other Liabilities 0 0
Deferred Liability Charges 9344000 8805000
Misc. Stocks 0 0
Minority Interest 2737000 4543000
Total Liabilities 121027000 122096000
Stock Holders Equity
Common Stocks 305000 323000
Capital Surplus 2371000 2462000
Retained Earnings 89354000 85777000
Treasury Stock 0 0
Other Equity -14232000 -7168000
Total Equity 77798000 81394000
Total Liabilities & Equity 198825000 203490000
period Ending: 1/31/14 1/31/13
Total Revenue 485873000 482130000
Cost of Revenue 361256000 360984000
Gross Profit 124617000 121146000
Operating Expenses
Research and Development 0 0
Sales, General and Admin. 101853000 97041000
Non-Recurring Items 0 0
Other Operating Items 0 0
Operating Income 22764000 24105000
Add'l income/expense items 100000 81000
Earnings Before Interest and Tax 22864000 24186000
Interest Expense 2367000 2548000
Earnings Before Tax 20497000 21638000
Income Tax 6204000 6558000
Minority Interest -650000 -386000
Equity Earnings/Loss Unconsolidated Subsidiary 0 0
Net Income-Cont. Operations 13643000 14694000
Net Income 13643000 14694000

Appl Inc

Period Ending: 9/30/14 9/24/13
Current Assets
Cash and Cash Equivalents 20289000 20484000
Short-Term Investments 53892000 46671000
Net Receivables 35673000 29299000
Inventory 4855000 2132000
Other Current Assets 13936000 8283000
Total Current Assets 128645000 106869000
Long-Term Assets
Long-Term Investments 194714000 170430000
Fixed Assets 33783000 27010000
Goodwill 5717000 5414000
Intangible Assets 2298000 3206000
Other Assets 10162000 8757000
Deferred Asset Charges 0 0
Total Assets 375319000 321686000
Current Liabilities
Accounts Payable 74793000 59321000
Short-Term Debt / Current Portion of Long-Term Debt 18473000 11605000
Other Current Liabilities 7548000 8080000
Total Current Liabilities 100814000 79006000
Long-Term Debt 97207000 75427000
Other Liabilities 40415000 36074000
Deferred Liability Charges 2836000 2930000
Misc. Stocks 0 0
Minority Interest 0 0
Total Liabilities 241272000 193437000
Stock Holders Equity
Common Stocks 35867000 31251000
Capital Surplus 0 0
Retained Earnings 98330000 96364000
Treasury Stock 0 0
Other Equity -150000 634000
Total Equity 134047000 128249000
Total Liabilities & Equity 375319000 321686000
Period Ending: 9/30/14 9/24/13
Total Revenue 229234000 215639000
Cost of Revenue 141048000 131376000
Gross Profit 88186000 84263000
Operating Expenses
Research and Development 11581000 10045000
Sales, General and Admin. 15261000 14194000
Non-Recurring Items 0 0
Other Operating Items 0 0
Operating Income 61344000 60024000
Add'l income/expense items 2745000 1348000
Earnings Before Interest and Tax 64089000 61372000
Interest Expense 0 0
Earnings Before Tax 64089000 61372000
Income Tax 15738000 15685000
Minority Interest 0 0
Equity Earnings/Loss Unconsolidated Subsidiary 0 0
Net Income-Cont. Operations 48351000 45687000
Net Income 48351000 45687000
Net Income Applicable to Common Shareholders 48351000 45687000

B

Free Cash Flow
Apple Inc walmart Inc
2014 2013 2014 2013
Net Cash provided by Operating Activities 63,598,000 65,824,000 31,673,000 27,552,000
Less: Capital Expenditure 12,451,000 12,734,000 10,619,000 11,477,000
Dividend 0 0 0 0
Free Cash Flow 51,147,000 53,090,000 21,054,000 16,075,000

C

WALMART
Ratios Formula Year
2014 2013
Liquidity Ratios:
1. Current Ratio Current Assets / Current liabilities 0.86 0.97
2. Quick ratio (Current Assets -Inventories )/ Current liabilities 22% 28%
3 .Cash Ratio (Cash & Cash equivalents)/ Current liabilities 10% 14%
Management Ratios:
1. Debt Ratio Total Debt / Total Assets 61% 60%
2. Debt-to-Equity Ratio Total Debt / Total Equity 1.56 1.50
Profitability ratios:
1 . Gross Margin Gross Margin / Net sales 25.6% 25.1%
2 .Operating Margin Operating Margin / Net Sales 4.7% 5.0%
3 . Profit Margin Profit Margin / Net Sales 2.8% 3.0%
APPLE
Ratios Formula Year
2014 2013
Liquidity Ratios:
1. Current Ratio Current Assets / Current liabilities 1.28 1.35
2. Quick ratio (Current Assets -Inventories )/ Current liabilities 1.23 1.33
3 .Cash Ratio (Cash & Cash equivalents)/ Current liabilities 8.41% 10.59%
Management Ratios:
1. Debt Ratio Total Debt / Total Assets 64.28% 60.13%
2. Debt-to-Equity Ratio Total Debt / Total Equity 1.80 1.51
Profitability ratios:
1 . Gross Margin Gross Margin / Net sales 38.47% 39.08%
2 .Operating Margin Operating Margin / Net Sales 26.76% 27.84%
3 . Profit Margin Profit Margin / Net Sales 21.09% 21.19%