At the end of 2017, Walmart Inc. (WMT) reported annual revenues of $500.34 billion, gross profit of

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At the end of 2017, Walmart Inc. (WMT) reported annual revenues of $500.34 billion, gross profit of $126.95 billion, and net income of $9.86 billion. Costco Wholesale Corporation

(COST) had revenue of $129.03 billion, gross profit of $17.14 billion, and net income of $2.68 billion.

a. Compare the gross margins for Walmart and Costco.

b. Compare the net profit margins for Walmart and Costco.

c. Which firm was more profitable in 2017?

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