For the year ended December 31, 2023, Walmart Inc. provides the following information:

Item	Amount ($)
Sales Revenue	500 billion
Cost of Goods Sold	300 billion
Operating Expenses	150 billion
Interest Expense	10 billion
Tax Rate	20%

Required:

• Prepare an income statement for Walmart Inc. for the year ended December 31, 2023.
• Calculate the gross profit margin percentage.
• Determine the net income after taxes.
• Analyze the impact of a 5% increase in operating expenses on net income.
• Calculate earnings per share (EPS) assuming 4 billion shares outstanding.