The Pros and Cons of Globalization Essay - 987 Words

Globalization is the process by which states become interdependent on each other on all spheres of life. It is a process where countries go global by adapting universal characteristics involving human race. It is therefore the process of uniting people of the world into one unit with universal characteristics. This characteristics include; systems of education, politics, democracy, economy among many others. Through globalization economies, civilizations and societies become integrated into a globalised arrangement of political ideas. There are certain characteristics that describe globalization. In a globalised economy there is an open market society. This happens because the forces of supply and demand are the determinants of prices†¦show more content†¦This multinationals also are responsible for employing a large number of individuals from the investor states therefore reducing high levels of unemployment in this developing countries. Globalization leads to high investment levels and therefore increased wealth. Wealth is generated through economic gains of globalization. The gains have increased access healthcare and water. This consequently has a direct effect to life expectancy levels. Research conducted reveals that more than eighty-five per cent of the population is expected to live for almost sixty-eight years and above. This therefore demonstrates that globalization has a direct effect on access to healthcare and stressing the need to access healthcare services. With globalization there is reduced state autonomy. Multi-nationals have a lot of say in matters to do with the government and other concerned state agencies. Organizations like the World Bank, World Trade Organization have direct link to settlement of government to government disputes and has enabled international political and economic tension to be settled in an amicable manner. This has lead to a strengthened peace for many countries in the international arena. This has lead to a reduced breeding ground for terrorist activities in the global world. The process of globalization is involved with aShow MoreRelatedPros and Cons of Globalization873 Words   |  4 PagesThe Pros People have been on the move, traded, migrated and colonized in the earlier times; while in the process they transformed both places that they traveled to and the places that they came from. The pro-globalization people say that it is not just good for the rich but it’s good for the poor, because back in the 1990’s, when globalization took off, about 200 million people got out of poverty in places like India and China. Globalization is the process by which economies of countries aroundRead MorePros and Cons of Globalization2741 Words   |  11 PagesPros and cons of globalization Department: International Management Lecturer: Prof. Dr. Henkel and Prof. Dr. Perlitz Name: Shi Zhun Student ID: 1223396 Date: 29/Oct/2008 Table of Contents Page Number 1. Summary...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...3 2. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 3. The definition of globalization†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...........4 4. Economic growth (pros and cons)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..5 5. Worker (pros and cons)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..7 6. Consumer (pros andRead MoreAnalysis of the Pros and Cons of Globalization1212 Words   |  5 PagesGlobalization Introduction The continued accelerating pace of change in globalization is forcing an entirely new level of emphasis on individualized, highly targeted marketing across the many regions and countries of the world. Global marketing today must contend with a wider array of constraints, both economic and cultural, that as ever been the case in the past (Gupta, 2003). These constraints fuel a high level of creativity and focus on how to overcome cultural and economic constraints throughRead MoreThe Pros And Cons Of Globalization803 Words   |  4 PagesThe term ‘globalisation’ is commonly used to describe a modernisation and capitalist expansion, that entails a variety of economic, cultural, social and political changes over the past 50 years, that have shaped the world today (Guttal, 2007, pp. 524). An important aspect of this concept, is the rapid increase in transnational movements of goods and services, and the weakening notion of national and geo-political borders. Not only has glo balisation created economic prosperity but also a large flowRead MoreThe Pros and Cons of Globalization Essays1386 Words   |  6 Pagesspread of cultures, trade, information and creating options, Globalization can be highly beneficial to everyone by bestowing great fortunes on us. This essay will highlight the positive and negative effects of globalisation, but also discuss solutions and evaluate them. Economists have used the term globalization since the 1980’s, although it was used in social sciences in the 1960’s. However, the principles and ideas of globalization have not spread to the twentieth century. Globalisation isRead MoreGlobalization, Pros and Cons for Developing Countries938 Words   |  4 Pagesterm â€Å"Globalization† for developing countries. Some social, economic and environmental issues are discussed in the paper. This Document addresses the advantages and disadvantages of the term â€Å"Globalization† for developing countries. Some social, economic and environmental issues are discussed in the paper. Hosein Rahmati Hosein Rahmati Globalization, Pros And Cons For Developing Countries January 2012 Globalization, Pros And Cons For Developing Countries January 2012 Globalization couldRead MoreThe Pros and Cons of Globalization Essay1680 Words   |  7 PagesGlobalization. Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it- and in every single instance the word globalization seems to have a different meaning. When I hear of globalization I think of the whole world coming close together in all phases. I tend to think that we as human beings are breaking down barriers that have been protected or guarded. For instance, I initially thought of the progress we are making in the communication aspect. SoRead MoreEssay on The Pros and Cons of Globalization900 Words   |  4 PagesGlobalization can be defined as the system of interaction among the countries of the world in order to develop the global economy. It also refers to the integration of economics and societies all over the world (http://hotbabefatchicks.hubpages.com/hub/Definition-of-Globalization). Globalization can be both advantageous and detrimental to developing countries. Some of its advantages are increased external finance, improved technology and political conformism. Disadvantages of globalization includeRead MoreThe Pros and Cons of Globalization Essay963 Words   |  4 Pages It is debated whether globalization is an advantage or disadvantage to our society. Everyday you hear it on the news, you read it in the newspaper, and you overhear people talking about it and in every single instance the word globalization seems to have a different meaning. Globalization is the process by which a business or company becomes international or starts to operate on an international level such like the rise of the so-called global economy. It can also bring the world closer throughRead More Pros and Cons of Globalization and Localization Essays1487 Words   |  6 Pageshave been blessed with a stable economy. There has always been the extreme feeling of complacency and stability that comes with being a very large, internationally respected country. Strangely enough, America does not only reap the benefits of globalization, but it also basks in the glory of localization. We have, as a country, experienced much success both internationally and domestically. For example, w ithout our international businesses booming the way they are, our country would suffer from a

Sylvia Plath s Life And Accomplishments - 974 Words

Sylvia Plath’s work is marked with her trademark style, one full of enigmatic analogies and ambiguous metaphors. Sadly though, the life of Sylvia Plath was indeed shorter than anyone expected. Nevertheless, in the thirty years Plath meandered through the world, she left an everlasting impact. Remembered as one of the most dynamic and admired poets of the twentieth century, Plath cultivated a literary community unlike any predecessor. Additionally, since a sizable portion of Plath’s work was read posthumously, her suicide brought the much needed attention to physiological illnesses. Unfortunately though, Sylvia Plath will never know the perennial impact she left from her distinguished works that have touched numerous lives. Plath was born in Boston, Massachusetts, on October 27th, 1932 (â€Å"Sylvia Plath† 1). She was an only child for just two years when her brother Warren was born, and it was at this time, her family moved to Winthrop, Massachusetts due to fina ncial reasons. Winthrop is located on a peninsula and it was days spent on the docks where Plath became infatuated by the sea, which is apparent in her novel, The Bell Jar (Steinberg 1). Plath’s parents were Otto Emil Plath and Aurelia Schober Plath. Otto taught Biology and German at Boston University and was also a distinguished author. Unfortunately in 1940, he suddenly died of cancer, which ultimately haunted Sylvia and scarred her for the rest of her life. Due to the loss of income, Plath’s mother, Aurelia, beganShow MoreRelatedSylvia Plath s Life And Accomplishments892 Words   |  4 PagesSylvia Plath was born in Jamaica Plain, Massachusetts on October 27, 1932. Plath’s family moved to Winthrop, Massachusetts when she was four years old. When she was eight, her father, Otto Plath died, this was same year she published her first poem. Plath was a very hardworking, persistent student in high school. She was soon rewarded after her graduation with many publ ished works and successes. Plath attended Smith College with two scholarships. At Smith, she excelled academically and achieved manyRead MoreSylvia Plath s The Ideas Of Death, Quarrel, And Firsthand Encounters1590 Words   |  7 Pages Death may seem horrifying to some, but to others it is the entryway to a world of beauty and justice. In Sylvia Plath’s work the ideas of death, quarrel, and firsthand encounters are all vital contributions that work to develop Plath’s view on suicide and its ability to liberate her from the hindrances of life. Death makes it possible to attain sovereignty where her mind could release itself from its physical imprisonment such as the ones portrayed in her poems. Read MoreSylvia Plath’s Life1219 Words   |  5 PagesElizabeth Winder’s Pain, Parties, Work: Sylvia Plath in New York, Summer 1953 illuminates different aspects of Sylvia Plath’s life. However, Winder depicts Plath not as t he mythologized martyr of a collapsed marriage or the tragic woman poet with a debilitating illness but rather as a young girl wanting to immerse herself in the rich, material culture of her time. Winder’s biography gives insight to the life of an intelligent young woman amidst the gender constraints of mid-century America, a themeRead More Precursors to Suicide in Life and Works of Sylvia Plath and Sarah Kane2581 Words   |  11 PagesPrecursors to Suicide in Life and Works of Sylvia Plath and Sarah Kane Introduction We are going to describe factors associated with the suicidal process in lives of Sarah Kane and Sylvia Plath as reflected in the late works of these two female authors who committed suicide when they were 27 and 30 years old. Antoon Leenaars and Susanne Wenckstern (1998) have written: ?Suicide notes are probably the ultrapersonal documents. They are the unsolicited productions of the suicidal person, usuallyRead MoreAnalysis Of Mary Atwood And Sylvia Plath s The Handmaid s Tale, And Moira Of Margaret Atwood1905 Words   |  8 Pagesa part of Life. Ironically, despite this inevitable truth, many people spend the duration of their lives fearing death. In a way, the concept of living seems rather futile if the end result remains inalterable. Why fight to live if death is inevitable? It is in this despondent frame of mind, the woman of Sylvia Plath’s poem, Edge, and Moira of Margaret Atwood’s novel, The Handmaids Tale, find themselves accepting their condemnation as their destiny. Both Margaret Atwood and Sylvia Plath use theirRead MoreThe Characters of Women in The Handmaids Tale and The Bell Jar1504 Words   |  7 Pages Women in The Handmaids Tale and The Bell Jar nbsp; Sylvia Plaths renowned autobiographical legend The Bell Jar and Margaret Atwoods fictional masterpiece The handmaids tale are the two emotional feminist stories, which basically involve the womens struggle. Narrated with a touching tone and filled with an intense feminist voice, both novels explore the conflict of their respective protagonists in a male dominated society. In spite of several extraordinary similarities in termsRead More The Bell Jar by Sylvia Plath1820 Words   |  7 Pagesthat every person must discover without hiding behind inexperience’s and excluding themselves from the outside world of reality or else their own personal bell jar will suffocate them alive. The Bell Jar, a semi-autobiographical novel written by Sylvia Plath portrays how a young woman with too many identities and unrealistic expectations overwhelms herself to the point that she contemplates and attempts suicide multiple times. Esther Greenwood, a young college student struggles to find her identityRead MoreThe Bell Jar By Sylvia Plath And Girl, Interrupted By Susanna Kaysen3528 Words   |  15 Pagesthe effect of mental illness on the central characters is the semi-autobiographical novels The Bell Jar by Sylvia Plath and Girl, Interrupted by Susanna Kaysen. Comparing two women trying to deal with mental illness and are trying to cope with the mental pressures they put on themselves and by other people. Although the differences between these two novels are The Bell Jar shows Esther’s life before she descends into mental illness whereas Susanna’s story is about her time in a mental institutionRead MoreAnalysis Of One Flew Over The Cuckoo s Nest 3755 Words   |  16 PagesClerambault’s syndrome which habitually affects women. While Plath struggled with the â€Å"ardent feminist within her’’, she sought to â€Å"embrace the ideology of feminineness that had been indoctrinated into the women of her generation’’ leading to a â€Å"schizophrenic split within herself’’, a struggle not shared by McEwan and Kesey. Kesey described himself as ‘’comfortable with {his} identity and masculinity’’ as he understood he was too young to be a beatnik, and too old to be a hippie’’ and so hisRead MoreThe Sixties: A Decade of Rebellion Essay1630 Words   |  7 PagesAmericans† (Kennedy 916). With these words, John F. Kennedy in his inaugural address in 1961 described the 1960’s decade. This era in American history encapsulated a belief in the power of young people to change the world, a desire to help others globally and accept their differences, and a war that would eventually destroy all that America stood for. It was a t ime for new ideas in all aspects of life. This shift in thinking is apparent when looking at the happenings in society, the younger generation, and

Walmart Company Free Essays

Walmart Financial Analysis Prepared for Becca Leland BIJSN 5600, Accounting Theory and Practice Fall 1, 2013 Webster University 1 November 2013 Wal-Mart Stores, Inc. operates approximately 11,047 retail units under 69 banners in 27 countries. It has three segments: The Wal-Mart Stores, The Sam’s Club, and International. We will write a custom essay sample on Walmart Company or any similar topic only for you Order Now The Wal-Mart Stores segment includes 4,759 Discount Stores, Supercenters, and Neighborhood Markets in the United States, as well as Walmart. om. It offers apparel for women, girls, men, boys, and infants; domestics, fabrics, and notions; stationery and books; shoes; housewares; hardware; electronics; ome furnishings; small appliances; automotive accessories; horticulture and accessories; sporting goods; toys; pet food and accessories; cameras and supplies; health and beauty aids; pharmaceuticals; Jewelry; and optical, as well as photo processing services. The Neighborhood Markets include dry grocery, meat, produce, deli, bakery, dairy, frozen foods, pharmaceuticals, photo processing, health and beauty aids, household chemicals, paper goods, general merchandise, and pet supplies departments. The Sam’s Club segment includes 624 stores and comprises the warehouse membership clubs in the United States and samsclub. om. It offers hard-goods, soft-goods, software, electronics, Jewelry, sporting goods, toys, tires, stationery and books, institutional-size grocery items, and selected private labels. The International segment operates 6,288 various retail formats in countries to include Argentina, Brazil, Canada, Germany, Mexico, Puerto Rico, South Korea, and the United Kingdom. This segment operated 261 Canadian Wal-Mart stores and SAM’s Clubs, 11 units in Argentina, 150 units in Brazil, 88 units in Germany, 16 units in South Korea, 697 units in Mexico, 54 units in Puerto Rico, and 292 units in the United Kingdom, as well as 48 units in China under Joint venture agreements. The company was incorporated in 1969 and is based in Bentonville, Arkansas. Walmart employs 2. 2 million associates/employees around the world to include 1. million in the United States alone. Although there are many opportunities, numerous employment opportunities exist in the Accounting arena. Walmart has Finance and Accounting departments impacting business and communities in all 27 countries, under 69 different banners and in every corner of the business, from Enterprise Risk Management to Sustaina bility. For instance, Global Shared Services aggregates and streamlines much of the financial and payroll services for Sam’s Club and Walmart in North America, while Global Internal Audit helps ensure each store operates in the most cost-efficient way. These are Just a few of the many groups within Accounting Finance, each responsible for vital services that impact the entire company. Projects range from determining the financial impact of mergers and acquisitions to estimating the effect on business when a hurricane hits. Every decision is driven by the mission to save people money and help them live better. The responsibility xtends beyond retail and corporate officials make decisions in partnership with each other. Accounting Finance is composed of these departments: Accounting, Corporate Corporate Tax (International Domestic) Treasury Investor Relations Finance and Planning Walmart U. S. , Walmart. com International Finance Sam’s Finance Corporate Strategy Global Shared Services Balance Sheet Assets: Cash and Cash Equivalents – Pertain to liquid assets found on the balance sheet. In essence, cash equivalents can be converted into cash and include commercial paper, treasury bill, money market holdings and short term government bonds. Walmart reported nearly $7. billion in cash and cash equivalents for fiscal year ending January 31, 2013. Of the $7. 8 billion, surprisingly, $5. 2 billion were held outside of the United States in support of foreign operations. All non-cash transactions due from various banks amounted to $1. 3 billion. Additionally, Walmart had $715 million in restricted cash in addition to another $876 million of cash that remains abroad and may not be easily tra nsferred to the United States because of local laws. Short Term Investments – Walmart did not report any Short term investments and have not or the previous three years. Receivables – Money that others owe the company. Account receivables are the amounts that a company has a right to collect because it sold goods or services on credit to a customer. Walmart had a variety of receivables for year ending January 31 , 2013 that included insurance companies resulting from pharmacy sales, bank transfers that took in excess of seven days to process, suppliers for marketing or incentive programs and real estate transactions. Its net receivables amounted to nearly $6. 8 billion that included $1. 2 billion from consumer credit roducts alone. Just to name a few, Walmart has the Walmart in-store credit card, Walmart Discover, Sam’s Club in-store credit card and the Sam’s Club Discover card. Internal Controls – designed to help an organization accomplish specific goals and mostly importantly, in laymen’s terms, â€Å"keep everyone honest † . Walmart used t criteria set forth by â€Å"COSO† Internal Control Integrated Framework. This framework primarily evaluates the achievements of objectives in the effectiveness and efficiency of operations, reliability of financial reporting and compliance with laws and regulations. For the year ending January 31, 2013, Walmart’s financial reporting was audited by Ernst and Young LLP, an independent registered public accounting firm. Sarbanes-Oxley Act – In July 2002, a corporate reform bill was passed into United States Federal law by the U. S. Senate and the U. S. House of Representatives. This legislation introduced new and amended ethical standards regarding financial practice and corporate governance for all publicly traded U. S. companies, as well as for management and accounting organizations. U. S. Senator Paul Sarbanes and U. S. Representative Michael G. Oxley spearheaded the Sarbanes-Oxley (SOX) Act. Just three years, after the bill was passed, in September 2005, a former CEO from Wal- Mart de Mexico sent an email to a high ranking Walmart lawyer that referenced how Wal-Mart de Mexico had bribed foreign officials to expedite permits in an effort to win market control in Mexico. This opened up a formal internal investigation by Walmart that found documentation implicating that the Wal-Mart de Mexico executives knew about the bribes and took measures to conceal them as well. The case was later dismissed. In August 2012, SOX violations resurfaced with Walmart. This time, two U. S. congressmen claimed that they received internal documentation that outlined possible illegal activities that involved tax evasion and money laundering in Mexico. Their concerns were expressed in a letter to Michael Duke, the chief executive at Wal-Mart. Inventory Valuation – Walmart values inventories at the lower of cost or market as determined primarily by the retail method of accounting, using the last-in, first-out, â€Å"LIFO†, method for all of the Walmart U. S. segments. Walmart international is valued by the retail method of accounting as well but by using the first-in, first-out, â€Å"FIFO†, method. In contrast, Sam’s Club uses the weighted- average cost using the LIFO method. Total Current Assets for year ending January 31, 2013 were $59. 9 billion. Long Term Investments – Walmart did not report any long term investments and have not for the previous three years. Property, Plant and Equipment – A large portion of Walmart’s assets come from the property, plant and equipment section of the balance sheet. In fact, of the $203 billion in total assets, property, plant and equipment makes up Just over $116 billion which includes $25 billion in land, $90 billion in buildings and improvements, $40 billion in fixtures and quipment, $2 billion in transportation equipment, $5. 9 billion in construction in process and $5. 9 billion in property under capital leases for an approximate property and equipment gross of $171 billion. Walmart uses straight-line depreciation and major improvements were capitalized as leasehold improvements were depreciated over the shorter of the estimated useful life. Accumulated depreciation and amortization was $55 billion dollars which resulted in a property and equipment net of $116. 6 billion. Intangible Assets / Accumulated Amortization – Walmart did not report any and have not for the previous three years. Goodwill – An account that can be found in the assets portion of a company’s balance sheet. Goodwill can often arise when one company is purchased by another company. Walmart’s goodwill is as a result of the acquisition of 147 Netto stores from Dansk Supermarket in the United Kingdom and to the acquisition ot a 5 % ownership in Massmart, a retailer based in South Africa. Goodwill for this period was $20 billion. Balance Sheet – Liabilities and Equity: Accounts Payable – money owed by a business to its suppliers shown as a liability on a company’s balance sheet. At year ending January 31, 2013, Walmart owed Just over 59 billion to its suppliers that are to be paid compared to $56 billion the previous year. Short current long term debt – this includes the long term debt that must be paid within 12 months. Walmart recorded Just over $12 billion. Total Current Liabilities – Year ending January 31, 2013 = $71. billion Long Term Debt – Financial obligations that last more than one year. Walmart recorded around $41 billion. This accounts for loans that Walmart has with several financial institutions. Deferred Long Term Liability Charges – a collection of future obligations on the balance sheet. These sometimes include employee related expenses such as retirement plans, 401 k plans and workman’s compens ation plans is which Walmart currently has Just over $7. 6 billion. Minority Interest – This represents the amount of stock that is not owned by Walmart. Currently, Just over $5 billion is not owned by Walmart. Common Stock – Walmart primarily issues common stock that represents ownership in the corporation. Currently, there is neither preferred or treasury stock, however for year ending January 31, 2013, there $332 million of stock was outstanding. Current Market Value of Stock – The current market value of Walmart’s stock is currently $74. 79. Through the last 12 months, the trend has been from $67. 37 – $79. 96 which is primarily because of fluctuating sales/wages. Walmart’s stock value has continued to grow over the last 12 months that can be easily contributed to its ability to remain a constant force in the market by providing lower prices, creating Jobs with competitive wages and clearly out-distancing itself from its closest competitor. Dividends – As noted below, Walmart last paid a dividend on September 3, 2013 with the next pay out date of January 2, 2014. Record Date Payable Date March 12, 2013 May 10, 2013 August 9, 2013 December 6, 2013 April 1, 2013 June 3, 2013 September 3, 2013 January 2, 2014 The last dividend paid for year ending January 31, 2013 was paid on December 27, 2012 at $0. 975 per share for a total of $1 1. 3 billion. Income Statement Comparison – Walmart’s income improved from fiscal year 2012 to fiscal year 2013. Wal-Mart Stores Inc. was been able to grow revenues from $447. 08 USD to $469. 28 USD. Most impressively, the company has been able to reduce the percentage of sales devoted to se lling, general and administrative costs from 19. 8% to 18. 94%. This was a driver that led to a bottom line growth from $1 5. 7B USD to $17. 0B USD. Extraordinary gains/losses – Perhaps the most important factor that caused Walmart to increase its profits from 2012 to 2013 was its Non-recurring events. In 2012 alone, Walmart discontinued operations which caused them a loss in excess of $67 million. To its surprise, there was not a lost in year ending January 31, 2013. According to the Management Discussion and Analysis, the present situation it is very much essential that industries need to compare themselves witn the past ears. Analysis of performance ensures the industry get an idea as where they are lagging behind and the short falls which has to be rectified. Walmart has to make progress in improving their performances in the future in order to withstand in the market so that they can compete with the upcoming competitions in the future. Additionally, it has to mainly concentrate to increase the profit rather than increasing the volume of business, so they have to increase their sales and satisfy their customer to withstand in the market. In an attempt to analyze the financial position f the Walmart, it has been revealed that though the turnover of the company increased however the profitability of the company has not increased correspondingly. Overall financial position of the company is satisfactory but however in the long run the company has to take measures to increase its working results in order to keep stay well above its competitors. Financial Statement Analysis: Solvency: Debt to Equity Ratio The company has improved its strength by increasing the working funds. The company should explore the possibility of reducing the operating expenses to increase its profit. Walmart should also take urgent steps to reduce the debtors so as to increase its working capital position. The company should also take steps to reduce the current liabilities and the overall liabilities position. Profitability: It should take steps to increase its working capital base. The company should take steps to make use of the surplus funds in a profitable manner. Efforts must be put in increasing net profit. It is necessary to take steps in improving the growth rating. Competition – Perhaps Walmart’s greatest competitor is target. However, Walmart ontinues to prove itself as the world’s leading retailer. In comparison to Target, its market cap was at $243. 8 billion while target was at $40. 04 billion. Additionally, Walmart dominated Target in revenue as well. Walmart’s revenue was $473billion while Target earned Just $73. 48 billion which generated a net income of $17. 09 billion for Walmart and $2. 71 billion for Target. In conclusion, Walmart continues to be the leading retailer in the industry. It clearly out-distances its closest competitor, howev er, in order to remain that force, it need to reduce its liabilities. It currently wes suppliers $59 billion. This needs to be reduced significantly. https://finance.yahoo.com/ https://www.stock-analysis-on.net/NYSE/Company/Wal-Mart-Stores-Inc https://www.stock-analysis-on.net/NYSE/Company/Wal-Mart-Stores-Inc/Ratios/Profitability https://www.stock-analysis-on.net/NYSE/Company/Wal-Mart-Stores-Inc/Ratios/Liquidity https://s2.q4cdn.com/056532643/files/doc_financials/2013/Annual/2013-annual-report-for-walmart-stores-inc_130221024708579502.pdf http://c46b2bcc0db5865f5a76-91c2ff8eba65983a1c33d367b8503d02.r78.cf2.rackcdn.com/93/a7/ff21a9764702bb5bc8271faacfeb/2012-annual-report-for-walmart-stores-inc_130221023846998881.pdf How to cite Walmart Company, Papers