Walmart vs Target

Topics: Target Corporation, Wal-Mart, Generally Accepted Accounting Principles Pages: 4 (1300 words) Published: May 2, 2007
Corporations keep various types of financial records and it is the responsibility of managers to make sure that the records are maintained and resolved at the end of the fiscal year. Most company has shareholders that want a year-end account on how the company has done and with a projection of what the company is capable of doing in the future. The shareholders have a vested interest and want to be kept informed on how the company is doing financially. Financial records for major corporations are public knowledge and this paper is comparing Target and Wal-Mart and their financial standings. Wal-Mart Corporation

Wal-Mart Stores, Inc. operates retail stores in various formats around the world. Wal-Mart is committed to growing by improving the standard of living for our customers throughout the world. Wal-Mart earns the trust of its customers every day by providing a broad assortment of quality merchandise and services at every day low prices while fostering a culture that rewards and embraces mutual respect, integrity, and diversity. In 2006 the net sales were $312.4 billion versus in 2005 were $285 billion. The following chart shows the basic financial highlights of the fiscal years 2006 & 2005. Financial summaryFiscal year 2006Fiscal year 2005

Operating results
Net sales312427285222
Net sales increase9.5%11.3%
Comparative store sales increase in US3%3%
Cost of sales240391219793
Operating, selling, general expenses5673351248
Interest expense net1172986
Income from continuing operations1123110267
Per share of common stock
Income from continuing operations2.682.41
Net income diluted2.682.41
Financial positions
Current assets4382438854
Property. Equipment and capital lease assets7929068118
Total assets of continuing operations138187120154
Current liabilities of continuing operations4882643182
Long term debt2642920087
Long-term obligations under capital leases3742...

References: Anderson, L. (2000). Retail and wholesale industry. Retrieved January 31, 2007 from
Target Corporation, (2006). Financial Summary, Continuing Operations, Retrieved January 31, 2007 from http://moneycentral.msn
Wal-Mart annual report 2006. Taken from on February 2, 2007.
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