Question

The balance sheet and disclosure of significant accounting policies taken from the 2017 annual report of Walmart Stores Inc. appear below. Use this information to answer the following questions: WAL-MART STORES, INC. Consolidated Balance Sheets ($ in millions except per share data) As of January 31, 2017 2016 Book $ 6,867 $ 8, 705 5,8355 .624 43,046 44,469 1,941 1,441 57,689 60,239 erences 179, 492 (71,782) 107,710 176,958 (66,787) 110,171 Assets Current assets Cash and cash equivalents Receivables (net) Inventories Prepaid expenses and other Total current assets Property and equipment: Property and equipment Less accumulated depreciation Property and equipment (net) Property under capital leases: Property under capital lease and financing obligations Less accumulated amortization Property under capital leases and financing obligations (net) Goodwill Other assets and deferred charges Total assets Liabilities, Redeemable Noncontrolling Interest and Equity Current liabilities Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes Long-term debt due within one year Capital lease and financing obligations due within one year Total nurrent liabilities 11,637 (5,169) 6,468 17,037 9,921 $198,825 11,096 (4,751) 6,345 16, 695 6.131 $199,581 $ 1,099 41,433 20,654 921 2,256 565- 66.92 2, 708 38,487 19,607 521 2,745 551 64.619

Answer 1

1)
Yes, because the current assets are the ones which are expected to convert into cash within a period of 1 year whereas the long-term assets are the ones which are expected to convert into cash more than a period of 1 year. Similary, wih current liabilities which need to be paid within a period of one year and the long-term liabiliies, which need to be paid for a period more than a year. Therefore, current assets, long-term assets, current liabilities and long-term liabilities are reported separately.
2)
a) Total assets in 2017	$198,825	millions
b) Current assets in 2017	$57,689	millions
c) Current liabilities in 2017	$66,928	millions
d) Total equity in 2017	$80,535	millions
e) Retained earnings in 2017	$89,354	millions
f) Inventory in 2017	$43,046	millions
3)
Largest Current Asset in 2017:
Inventory	$43,046	millions
Largest Current Liability in 2017:
Accounts Payable	$41,433	millions
4) Current Ratio in 2017:
Total Current Assets in 2017 (a)	$57,689	millions
Total Current Liabilities in 2017 (b)	$66,928	millions
Current Ratio in 2017 (a / b)	0.86

Note: As per HOMEWORKLIB RULES, the first four sub parts should be answered, hence, i have answered the first four sub parts, thus, please post the remaining sub parts separately.

Please do not give the negative rating for not answering all the questions as i just followed the HOMEWORKLIB RULES.