Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How do I calculate the Net Profit Margin for this? (Amounts in millions, except per share data) 2020 2019 2018 Revenues: Net sales $ 519,926

How do I calculate the Net Profit Margin for this?

(Amounts in millions, except per share data)

2020 2019 2018
Revenues:
Net sales $ 519,926 $ 510,329 $ 495,761
Membership and other income 4,038 4,076 4,582
Total revenues $ 523,964 $ 514,405 $ 500,343
Costs and expenses:
Cost of sales $ 394,605 $ 385,301 $ 373,396
Operating, selling, general and administrative expenses 108,791 107,147 106,510
Operating income 20,568 21,957 20,437
Interest:
Debt 2,262 1,975 1,978
Finance, capital lease and financing obligations 337 371 352
Interest income (189) (217) (152)
Interest, net 2,410 2,129 2,178
Loss on extinguishment of debt - - 3,316
Other (gains) and losses (1,958) 8,368 -
Income before income taxes 20,116 11,460 15,123
Provision for income taxes 4,915 4,281 4,600
Consolidated net income 15,201 7,179 10,523
Consolidated net income attributable to noncontrolling interest (320) (509) (661)
Consolidated net income attributable to Walmart 14,881 6,670 9,862

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions

Question

What would your clients like you to do more of/less of?

Answered: 1 week ago