Corporations keep different kinds of financial documents and it is the responsibility of managers to make sure that the records will be maintained and resolved at the end of the fiscal year. Many company features shareholders that are looking for a year-end account on how the company has been doing and using a projection of what the business is capable of doing in the future. The shareholders have got a vested interest and want to be stored informed how the company is doing financially. Economical records for major companies are open public knowledge and this paper is usually comparing Target and Wal-Mart and their monetary standings. Wal-Mart Corporation

Wal-Mart Stores, Incorporation. operates stores in various types around the world. Wal-Mart is dedicated to growing by simply improving the typical of living for the customers across the world. Wal-Mart makes the trust of it is customers daily by providing a broad assortment of top quality merchandise and services at every day affordable prices while cultivating a tradition that advantages and embraces mutual esteem, integrity, and diversity. In 2006 the internet sales were $312. 5 billion compared to in 2006 were $285 billion. The following chart shows the basic economical highlights of the fiscal years 2006 & 2005. Financial summaryFiscal season 2006Fiscal year 2005

Working results

Net sales312427285222

Net sales increase9. 5%11. 3%

Comparative store sales embrace US3%3%

Cost of sales240391219793

Working, selling, general expenses5673351248

Curiosity expense net1172986

Income coming from continuing operations1123110267

Per reveal of prevalent stock

Cash flow from continuous operations2. 682. 41

Net income diluted2. 682. 41

Returns. 6. 52

Financial positions

Current assets4382438854

Inventories3219129762

Real estate. Equipment and capital lease assets7929068118

Total assets of continuous operations138187120154

Current liabilities of continuous operations4882643182

Long term debt2642920087

Long-term obligations below capital leases3742...

References: Anderson, L. (2000). Retail and wholesale sector. Retrieved January 31, 2007 from http://hoovers.com

Target Company, (2006). Financial Summary, Continuous Operations, Retrieved January 23, 2007 from http://moneycentral.msn

Wal-Mart annual statement 2006. Extracted from http://walmartstores.com/Files/2006_annual_report.pdf about February 2, 2007.

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