Briefly, discuss the international community that each firm operates? What percent of revenues come.
Briefly, discuss the international community that each firm operates? What percent of revenues come from international operations?How many countries is each firm located?Need help with these 2 questions. There isn’t a completed version for this project. Please provide information, it would be greatGroup Project Part 3
Group F
Completed by: Henry &
Emma
Group Project – Accounting
220 –Finance
The project for Acc220 will evaluate the financial information of
WalMart and Target Corporations. The links to the financial statements will be
provided for you. You will need to access the internet to research additional
information on the firms.
The project is divided into 3 sections. Part 1 will be submitted at
the end of Week 3, Part 2 will be submitted at the end of Week 5 and Part 3
(along with Parts 1 and 2) will be submitted on Sunday of Week 7. The entire project will be graded by the
instructor at the end of the final submission in week 7 and one grade will be
assigned for the entire project. The project will count for 17.5% of
your overall course grade. Unless you receive permission from the instructor to
delay the submission, failure to turn in any part of the project by the
due date may result in a significantly lower grade, including a grade
of zero, for the part involved.
A group leader must be selected for each part – this shares the load
throughout the group. The group leader for Part 1 will combine all the
materials from the group members and submit part 1 of the project in Week 3.
The group leader for Part 2 will submit the project in Week 5 and the group
leader for Part 3 will submit the entire project (Parts 1, 2, and 3) in Week 7.
Each group member is required to participate in the discussion board
and file exchange on a weekly basis. The minimum expectation of each member is
providing a minimum of 3 posts per week to the discussion and submitting one
file to the file exchange. Each group
determines how to split the work.
Grade Information
Content – 50% A quality report will
have correct ratio calculations and conclusions on the analysis. Any
assumptions, if made, should be spelled out clearly.
Editing – 10% A quality report will
be free of any spelling, punctuation, or grammatical errors. Sentences and
paragraphs will be clear, concise, and factually correct. Ratios will be expressed as numbers or
percentages, depending on what is appropriate, as is shown in the
textbook. Note that not all ratios are shown as percentages.
Participation – 40% Group participation includes
providing substantive content in the discussion board on a minimum of three
different days of the week and actively involved in the workload.
CompanyBasics and Financial Ratios – Part 3
Question 1
Locate the
liabilities section of the balance sheet of both firms.
a.)
For the most current year,
what percent of the liabilities are short-term liabilities? Which firm has
the greatest percentage of short-term liabilities?
b.)
For the most current year,
what percent of the liabilities are long-term liabilities? Which firm has the
greatest percentage of long-term liabilities?
c.)
Review the notes to the
financial statements and describe the long-term debt amounts, terms and
maturity dates for each company.
d.)
What percent of each
company’s assets is financed by debt?
Target, 18,424/ 17,859 = 103% Wal-Mart 48,331 /
55,561 = 87%
Target has the highest short term liabilities
b. Target
17,859 / 44,533 = 40% Wal-Mart 55,561/72,929 = 76%
c. Wal-Mart has $8.6 billion committed to 34
financial institutions which include secured dept and long-term leases. It
has a standby letters of credit totaling $2.4 billion.
Target has $2 billion unsecured revolving dept
d. Wal-Mart 55,561 / 170,706 = 33% Target 11,327
/ 44,533 = 25%
Question
2
1.
How many shares of common
stock are currently outstanding?
2.
How many shares of preferred
stock are currently outstanding?
3.
When was the last
shareholders’ meeting?
Wal-Mart = 332 Target = 645,294,423
Wal-Mart = 0 Target = 0 Information of 2013
Wal-Mart June 7 2013 last shareholder meeting.
Elect as directors the 14 nominees identified. To ratify the appointment of
Ernst & Young LLP as the company’s independent accountants for the fiscal
year. Director nominees proposal 5-8 four shareholders proposal appearing.
Target’s June 12 2013 last shareholders meeting.
Shareholders elected each of the 12 board nominees for a one-year. The
shareholders overwhelmingly ratified the appointment of Ernst & Young LLP
as the Independent Registered Accounting Firm for 2013.
Question
3
a.
Looking at the last 3 years,
what were the annual dividends paid to shareholders for common stock? For
preferred stock?
b.
Determine the last dividend
that was paid. What was the ex-dividend date? The stockholder of record date?
The actual payment date?
c.
Review the payout ratio over
a 3-year time period. What is the payment pattern? What does this tell you
about the firm in the life-cycle?
A)
Wal-Mart annual dividends paid to shareholder
2015- .48 (N) 1.96$
2014- .47 (N) 1.92$
2013- .3975 (N) 1.59$
B) The last dividend paid was on March-
13-2015 at .49
May 6, 2015- The Ex-Dividend for WMT-
0.49 pay date: June 1, 2015, Record Date: May, 8 2015
C)
2015- .48 (1.96$)
2014- .47 (1.92$)
2013- .3975 (1.59$)
Over the last 3 years Wal-mart has
steadily increase, this tells us the firms life-cycle is displaying constant
growth
Target
2015- .52(2x) .56(1)= 1.60$
2014- .52 (2x) .43(2)= 1.90$
2013- .43(2x) .36(2x)=1.58$
B) May,18 2015- The Ex Dividend for TGT-
.56. The last dividend paid was on June,10,2015, Record date May,20 2015,
Declaration date 3/11/2015
C)
2015- .52(2x) .56(1)= 1.60$
2014- .52 (2x) .43(2)= 1.90$
2013- .43(2x) .36(2x)=1.58$
Question
4
a.
What percent of the shares of
institutional investors?
b.
Review the notes to the
financial statements – what influence do these investors have on the firm?
c.
Are any of the board of
directors an institutional investor?
Wal-Mart
Wal-Mart
a) 30% is held by institutional investors
b) The influence they have on the firm is
that their buying and or selling of trades directly effects stock prices
C) The majority of Wal-Mart board of director’s
independent directors and the Walton family.
Target
Target
a) 86.62% is held by Institutional
investors
b) The influence they have on the firm is
that their buying and or selling of trades directly effects stock prices
c) Yes, For example John G Stump is
president and C.E.O of Wells Fargo’s & Company. He is a board directors
and an institutional investor
Question
5
a.)
How many board of directors
are there? How many are employees? Who has served the longest? The shortest?
Wal-Mart
There is currently 15 board of directors.
Wal-Mart has around 1.3 million employees in the U.S.
Rob Walton has served as a member of the
board of directors since 1978.
Kevin Systrom has the shortest time
served. He has been a member since 2014
Target
There are currently 12 member in the
board of directors for Target. They currently have around 347,000 employees.
Anne M. Mulcahy is the longest serving
board member since August 2001. Kenneth L. Salazar has the shortest time
served 2013.
Question 7
a.
Briefly, discuss the
international community that each firm operates? What percent of revenues come from
international operations?
b.
How many countries is each
firm located?
Wal-Mart
Target
Question
7
Provide an overall analysis of each company.
Which company appears financially stronger? Support your analysis.
Wal-Mart
Target
