Enter your answer in millions a. Net Sales 555,233 b. Gross Profit 134,918 c. Operating Income 18,630 X d. Net Income* 13,510 e. Accounts Receivable, net $ 6,516 *Be sure to exclude other revenue accounts from Net Sales. Net income is 'Net ir 2. Due to the building of new stores, the company expects the following: Sales and gross profit will increase by $9,000 million. Operating Income will increase by $1,000 million. Net income will decrease by $9,000 million. Accounts Receivable is projected to increase by 1%. Provide the next year's forecasted balances for the above accounts. Round your answer to the nearest million. a. Net Sales $ 564,233 b. Gross Profit $ 143,918 c. Operating Income 19,630 $ $ d. Net Income 4,510 e. Accounts Receivable, net 6,581 2. Comuto the forecasted accounts receivable turnover for the nevt fiscal vaar Fiscal Year Ended January 31, 2020 2021 2019 $ $ 519.926 s 555 233 1918 559.151 4,038 523964 510,329 4,076 514.405 420 315 116.288 22 548 394,605 IOS 791 20,568 385, 301 107.147 21.957 (Amounts de millions except per share on Revenues Net sales Membership and other income Total revenues Costs and expensest Cost of sales Operating selline, general and administrative expenses Operating income Interest Debt Finance capital lease and financing obligations Interest income Interest, et Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart 1.976 339 (121) 2,194 (210) 20,564 6,858 13,705 (196) 13,510 S 2,262 337 (189) 2,410 (1958) 20.116 4915 15201 (320) 14,881 1.975 371 (217) 2.129 8,369 11,461 4.281 7.179 (509) 6,670 Net Income per common share Basic net income per common share attributable to Walmart Diluted net income per common share attributable to Walmart 5 477 4.75 228 5.22 5.19 226 Weighted average common shares outstanding Basic Dilated 2,831 2.847 2.850 2,868 2.929 2.945 Dividends declared per common share 2.16 $ 2.125 208 3. Compute the forecasted accounts receivable turnover for the next fiscal year. Round your answer to two decimal places. 4. Compute the forecasted gross profit margin for the next fiscal year. Round your answer to two decimal places % 5. Compute the forecasted operating margin for the next fiscal year Round your answer to two decimal places % 6. Compute the forecasted net profit margin for the next fiscal year. Round your answer to two decimal places. %% 7. What type of business strategy does the company use? Differentiation
