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Are the companies financed primarily with debt or equity? Why?

Are the companies financed primarily with debt or equity? Why?

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.11E
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Are the companies financed primarily with debt or equity? Why?

Walmart Inc (Million) Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total Current Assets Property and equipment, net Finance lease right-of-use assets, net Property and equipment, including finance lease right-of-use assets, net Operating lease right-of-use assets Goodwill Other Long-Term assets Long-Term assets Total Assets Current liability: Short term Borrowing Account Payable Accrued Liability Accrued Income Tax Long Term Debt due within year Operating lease obligation due within one year Finance Lease obligation due within one year Total Current Liability Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Stockholders' Equity: Common Stock Capital in Excess of Par Value Retained earnings Accumulated other Comprehensive loss Total Walmart Shareholders Equity Non-Controlling Interest Total Equity Total Liability and Equity Target Corporation Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment Current year 2022 14,760 8,280 56,511 1,519 81,070 94,515 4,351 98,866 13,758 29.014 22.152 163,790 244,860 410 55,261 26,606 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 -8766 83,252 8,638 91,891 244,860 Current year 2022 $5.911 13,902 1,760 21,573 6.164 32,985 6,407 2,505 1,257 -21,137 28,181 2,556 1,501 53,811 $ 15,478 6,098 171 21,747 13.549 2,493 1,566 1,629 19,237 39 6,421 6,920 -553 12,827 $53,811 % 6% 3% 23% 1% 33% 39% 2% 40% 96,206 6% 12% 9% 67% 162,429 64% 100% 252,496 13,642 28,983 11% 23,598 9% 100% 0% 224 23% 49.141 37,966 242 2% 6% 11% 0% 1% 3.115 1% 1,466 0% 491 Previous % Year 2021 36% 92,645 14% 41,194 5% 12.909 8% 20,861 90,067 36% 92,201 37% 4,005 2% 17,741 7% 6,516 3% 44,949 18% 0% 282 2% 3646 35% 88,763 -4% -11,766 34% 80,925 11 % 26% 3% 40 % 11% 61% 12% 5% 2% -39% 52 % 5% 3% 100% 29% 11 % J||||||||||||| 0% 40 % 25 % 5% 3% 3% 36% 3,847 14,370 0% 12 % 13 % -1% 24% 35% -5% 32% 6,606 3% 4% 38% 87,531 35% 100% 252,496 100% 38% 5% % Previous % Year 2021 $8,511 17% 10,653 21% 1,592 3% 20,756 41% 0% 19% 15% 0% ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 37% 16% 5% 1% 1% 0% ||||| 2% 6% ▬▬▬▬▬▬▬▬▬ 0% 1% 6,141 12% 31.557 62% 5,914 12% 2.765 5% 780 -20,278 H % 26,879 52% 4% 2,227 1,386 $51,248 3% 2% -40 $12,859 25% 6,122 12% 1,144 100 % 2% 20,125 39% 11,536 23 % 2,218 4% 990 2% 1,939 4% 16,683 33 % 42 6,329 8,825 -756 14,440 28% 0% 12% 17% -1% 100% $51,248 100
Transcribed Image Text:Walmart Inc (Million) Cash and cash equivalents Receivables, net Inventories Prepaid expenses and other Total Current Assets Property and equipment, net Finance lease right-of-use assets, net Property and equipment, including finance lease right-of-use assets, net Operating lease right-of-use assets Goodwill Other Long-Term assets Long-Term assets Total Assets Current liability: Short term Borrowing Account Payable Accrued Liability Accrued Income Tax Long Term Debt due within year Operating lease obligation due within one year Finance Lease obligation due within one year Total Current Liability Long-term debt Long-term operating lease obligations Long-term finance lease obligations Deferred income taxes and other Stockholders' Equity: Common Stock Capital in Excess of Par Value Retained earnings Accumulated other Comprehensive loss Total Walmart Shareholders Equity Non-Controlling Interest Total Equity Total Liability and Equity Target Corporation Cash and cash equivalents Inventory Other current assets Total current assets Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets Total assets Accounts payable Accrued and other current liabilities Current portion of long-term debt and other borrowings Total current liabilities Long-term debt and other borrowings Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total noncurrent liabilities Shareholders' investment: Common stock Additional paid-in capital Retained earnings Accumulated other comprehensive loss Total shareholders' investment Total liabilities and shareholders' investment Current year 2022 14,760 8,280 56,511 1,519 81,070 94,515 4,351 98,866 13,758 29.014 22.152 163,790 244,860 410 55,261 26,606 851 2,803 1,483 511 87,379 34,864 13,009 4,243 13,474 276 4,839 86,904 -8766 83,252 8,638 91,891 244,860 Current year 2022 $5.911 13,902 1,760 21,573 6.164 32,985 6,407 2,505 1,257 -21,137 28,181 2,556 1,501 53,811 $ 15,478 6,098 171 21,747 13.549 2,493 1,566 1,629 19,237 39 6,421 6,920 -553 12,827 $53,811 % 6% 3% 23% 1% 33% 39% 2% 40% 96,206 6% 12% 9% 67% 162,429 64% 100% 252,496 13,642 28,983 11% 23,598 9% 100% 0% 224 23% 49.141 37,966 242 2% 6% 11% 0% 1% 3.115 1% 1,466 0% 491 Previous % Year 2021 36% 92,645 14% 41,194 5% 12.909 8% 20,861 90,067 36% 92,201 37% 4,005 2% 17,741 7% 6,516 3% 44,949 18% 0% 282 2% 3646 35% 88,763 -4% -11,766 34% 80,925 11 % 26% 3% 40 % 11% 61% 12% 5% 2% -39% 52 % 5% 3% 100% 29% 11 % J||||||||||||| 0% 40 % 25 % 5% 3% 3% 36% 3,847 14,370 0% 12 % 13 % -1% 24% 35% -5% 32% 6,606 3% 4% 38% 87,531 35% 100% 252,496 100% 38% 5% % Previous % Year 2021 $8,511 17% 10,653 21% 1,592 3% 20,756 41% 0% 19% 15% 0% ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 37% 16% 5% 1% 1% 0% ||||| 2% 6% ▬▬▬▬▬▬▬▬▬ 0% 1% 6,141 12% 31.557 62% 5,914 12% 2.765 5% 780 -20,278 H % 26,879 52% 4% 2,227 1,386 $51,248 3% 2% -40 $12,859 25% 6,122 12% 1,144 100 % 2% 20,125 39% 11,536 23 % 2,218 4% 990 2% 1,939 4% 16,683 33 % 42 6,329 8,825 -756 14,440 28% 0% 12% 17% -1% 100% $51,248 100
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