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    Locating the Financial Statements of a Company On-Line

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    Please help locate the financial statements of a company on-line. Provide detailing of the various topics below as they relate to the company.

    Assets

    Inventory method used (note your company must have inventory)
    Accounts Receivable including method of calculating bad debt expense
    Fixed assets including depreciation methods, acquisitions, and disposals
    Liabilities

    Accounts Payable &/or Notes Payable
    Payroll Liabilities
    Bonds (if applicable)
    Equity

    Stocks
    Payments of dividends
    Statement of Cash Flows.

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    Solution Preview

    Please see attached file for answers.

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    Assets
    Inventory
    At the end of the fiscal year ended January 31, 2010, Walmart's inventory balance is 33,160 million USD which is represents a 1,351 million USD decrease from the previous year. The company accounts for its inventories using the first-in, first-out (FIFO) method for its Walmart U.S. segments (Walmart, 2010, pp. 23-24). For the inventories of its Sam's Club segment, it uses the weighted average cost utilizing the last-in, first-out (LIFO) method. On the other hand, it uses the retail method of accounting utilizing the first-in, first-out inventory method for the inventories of its International segment (Walmart, 2010, p. 24).
    Lastly, for the fiscal year just ended, no LIFO reserve is established since the values of the company's inventories at LIFO approximate their FIFO values.

    Accounts receivable
    The accounts receivable of the company is presented at net and is comprised of the following receivables:
    1. "insurance companies resulting from our pharmacy sales;
    2. banks for customer credit card, debit card and EBT transactions that take in excess of seven days to process;
    3. suppliers for marketing or incentive ...

    Solution Summary

    The solution assists in locating the financial statements of a company online.

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