This case is designed to familiarize students with the use of financial ratios. Two retailers, Sears, Roebuck and Co. and Wal-Mart Stores, Inc, have a very similar value for return on equity (ROE) in fiscal year 1997. Students use the information in the case and the accompanying exhibits, which include financial statements, as well as the disclosure of corporate policies and the policies of each company in order to analyze the process of creating value for each firm. This case gives a good idea of this information together to create a powerful tool for the analysis of financial statements. Rewritten version of the previous case. "Hide
by Gregory S. Miller, Christopher F. Noe Source: HBS Premier Case Collection 18 pages. Publication Date: August 11, 2000. Prod. #: 101011-PDF-ENG