1. Consider a retail company, Walmart Inc. For the past financial year, Walmart provided the following data:
   • Sales: $500,000,000
   • Cost of Goods Sold: $350,000,000
   • Operating Expenses: $100,000,000
   • Interest Expense: $10,000,000
   • Taxes: 20% of Earnings Before Taxes
   • Fixed Assets: $200,000,000
   • Current Assets: $150,000,000
   • Current Liabilities: $100,000,000
   • Long-Term Liabilities: $250,000,000
   • Shareholders' Equity: $200,000,000

Requirements:

1. 
   
   11. Prepare an Income Statement for Walmart.
   12. Calculate the Gross Margin and Operating Margin.
   13. Determine the Return on Assets (ROA) and Return on Equity (ROE).
   14. Calculate the Current Ratio and Quick Ratio (assuming Inventory is $50,000,000).