Prepare an analysis that explains change in retained earning

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Reference no: EM133919410

Problem

Prepare an analysis that explains the change in retained earnings from $83,943 million at the end of fiscal 2019 to $88,763 million at the end of fiscal 2020. Note that Walmart is somewhat unusual in that they have a stock repurchase program where repurchased stock is "constructively retired and returned to an unissued status" (according to the Form 10-K). Thus, whereas most firms' stock repurchases appear as a deduction within shareholders' equity titled, "treasury shares," Walmart instead reduces retained earnings directly. Get the instant assignment help. Do not be alarmed if your reconciliation is close to, but does not exactly equal, the $88,763 million ending balance.

Reference no: EM133919410

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