Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In fiscal year 2020, Walmart Inc. (WMT) reported annual revenue of $559.15 billion, gross profit of $138.84 billion, and net income of $13.51 billion. Costco

image text in transcribed

In fiscal year 2020, Walmart Inc. (WMT) reported annual revenue of $559.15 billion, gross profit of $138.84 billion, and net income of $13.51 billion. Costco Wholesale Corporation (COST) had revenue of $166.8 billion, gross profit of $21.82 billion, and net income of $4.06 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2020 ? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is %. (Round to two decimal places.) The gross margin for Costco is %. (Round to two decimal places.) b. Compare the net profit margins for Walmart and Costco. The net profit margin for Walmart is %. (Round to two decimal places.) The net profit margin for Costco is %. (Round to two decimal places.) c. Which firm was more profitable in 2020? (Select from the drop-down menu.) was more profitable in 2020

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_2

Step: 3

blur-text-image_3

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

The Investing Revolutionaries How The Worlds Greatest Investors Take On Wall Street And Win In Any Market

Authors: James N. Whiddon , Nikki Knotts

1st Edition

0071623949,0071700560

More Books

Students also viewed these Finance questions