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Wal-Mart and Federated Department stores

See attached file for full problem description. If the figures are not accurate please help with that too.

1. From Investor Relations sections of websites of Wal-Mart and Robinsons May (use Google), compile dividend (annual) information and net income figures of each company for the years 1998, 1999, 2000, 2001, 2002, and 2003.

Present these in a Table.
2. For each comapny, compute the yearly dividend pay-out ratios. Present these in a Table and analyze the
results.

FDS (Federated Department stores)

1998 1999 2000 2001 2002 2003

Revenues $15,833.00 $18,217.00 $16,638.00 $15,651.00 $15,435.00 $15,264.00

Net income $662.00 $795.00 ($184.00) ($276.00) $818.00 $693.00

Dividend 0.00 0.00 68.93

Retained Earnings $5,256.00 $5,709.00 $6,552.00 $5,564.00 $5,762.00 $5,940.00

Dividend payout ratio 0.00% 0.00% 9.95%

WALMART
Financial data in U.S. dollars
1998 1999 2000 2001 2002 2003

Revenues $119,229.00 $137,634.00 $166,809.00 $193,295.00 $219,812.00 $244,524.00

Net Income $3,526.00 $4,430.00 $5,377.00 $6,295.00 $6,592.00 $7,955.00

Dividend 1249.00 1328.00

Retained Earnings $18,167.00 $20,741.00 $25,129.00 $30,169.00 $34,441.00 $37,924.00

Dividend payout ratio 18.95% 16.69%

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Solution Preview

Please find my response in the attached file.

1. From Investor Relations sections of websites of Wal-Mart and Robinsons May (use Google), compile dividend (annual) information and net income figures of each company for the years 1998, 1999, 2000, 2001, 2002, and 2003.
Present these in a Table.

2. For each company, compute the yearly dividend pay-out ratios. Present these in a Table and analyze the results.

FDS (Federated Department ...

Solution Summary

This solution is comprised of a detailed explanation to find the financial ratios for Wal-Mart and Federated Department stores.

$2.19