Examine the costs that wal-mart includes in inventory

Assignment Help Accounting Basics

Reference no: EM131561847

Discussion Question: "Inventory Valuations"

Please respond to the following:

Use the internet to locate Wal-Mart Corporation's annual report, and review the financial statements.

• Examine the costs that Wal-Mart includes in inventory and cost of sales. Defend the three descriptions that Wal-Mart used to classify inventories, and suggest two other descriptions that Wal-Mart could include within their notes that would be useful to financial statement users. Justify your response.

• Discuss the overall significance of inventory turnover to a retail store. Compare Wal-Mart's 2012 and 2013 inventory turnover rate, and give your opinion on the way in which Wal-Mart could improve its inventory turnover ratio. Provide a rationale for your response.

Reference no: EM131561847

Questions Cloud

How far does the plane travel while circling : A plane circles an airport four times at an altitude of 2.25 km and on a direct line to the control tower of 12.5 km.

Describe the possible deductions you may need to complete : Describe the possible deductions and the specific information you may need to complete their taxes on these issues.

Find the length of the pulley belt : Find the length of the pulley belt shown in Fig. if the belt crosses at right angles. The radius of each pulley wheel is 5.50 in.

What is the connection between drugs and crime : What is the connection between drugs and crime? Are you in favor of decriminalization of any federally controlled substances? Why or why not

Examine the costs that wal-mart includes in inventory : Examine the costs that Wal-Mart includes in inventory and cost of sales. Defend the three descriptions that Wal-Mart used to classify inventories.

What is appropriate way to identifying him or her by race : What is the most appropriate way to refer to someone when identifying him or her by race, culture, religion, or sexuality

Describe the recording process and the accounting equation : In your own words, describe the recording process and the accounting equation to someone who has no accounting experience.

Identify families as systems with key elements of rules : Identify families as systems with key elements of rules, values, verbal and nonverbal methods of communication, boundaries, roles, and patterns of interaction

What assumptions is the financial reporting model based on : What assumptions is the financial reporting model based on? What principles support the financial reporting model? Who oversees the accounting profession?

User Account

All Pages