EXHIBIT 3: OPERATING INFORMATION OF WAL-MART STORES 1970 TO 2005 (IN MILLION US$) 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1990 1985 1980 1975 Net Sales 285,222 256,329 229,616 204,001 180,787 156,249 130,522 112,005 99,627 89,051 78,338 25,810 6,401 1.248 236 31 Cost of sales 219,793 198,747 178,299 159,097 140,720 121,825 102,490 88,163 78,897 70,485 61,929 20.070 4,722 919 177 23 Operating SG&A 51,105 44,909 39,983 35,147 30,822 26.025 21,778 18,831 16,437 14,547 12,434 4,070 1,181 252 48 6 Net Income 10,267 9,054 7,955 6,592 6,235 5,324 4,397 3,504 3,042 2,737 2,681 1,076 271 41 6 1 Number of Stores 5,289 4,906 4,672 4,398 4,172 3,983 3,591 3,394 3,054 2.943 2.784 1.525 756 276 104 18 1970 Please calculate COGS/Sales, SGA/sales and Net income/Sales for Walmart in 2005. In 2005, for every dollar in sales, Walmart had 77.53 cents in COGS, 17.52 cents in SGA and made 3.53 cents in net income. In 2005, for every dollar in sales, Walmart had 77.06 cents in COGS, 17.92 cents in SGA and made 3.06 cents in net income There is insufficient data in the case. In 2005, for every dollar in sales, Walmart had 45.05 cents in COGS, 22.92 cents in SGA and made 10.06 cents in net income