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    Principles of Accounting Financial Statements

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    Find the most recent financial statements online of a public company in the retail industry, and post the URL.
    Using actual numbers, determine how this company's balance sheet is linked to its statement of cash flows, and how its income statement is linked to its balance sheet.
    Explain whether this financial data shows an improvement or deterioration in the company's financial performance in terms of its cash position, liquidity, and profitability.

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    ANSWERS

    I chose Wal-Mart. It's financial statements for the fiscal year ended January 31, 2010 can be accessed at http://www.sec.gov/Archives/edgar/data/104169/000119312510071652/dex13.htm.

    A copy of the financial statements are attached in the Excel file. Moreover, ratio analysis was also included.

    The balance sheet of Wal-Mart is linked to its statement of cash flows in that changes in its ...

    Solution Summary

    The principles of accounting financial statements are determined. The expert explains whether this financial data shows an improvement or deterioration in the company's financial performance in terms of its cash position, liquidity, and profitability.

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