Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window: Predict the net income for the period ending January 31, 2015, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%.

Note: Enter all expenses as negative numbers.

(Hint: Use the compounded growth rate method to calculate all of the growth rates.)The sales growth is (Round to three decimal places.)

Walmart, Inc.
Abbreviated Income Statements for the Years Ending January 31, 2012-2015
($ in Millions)
Account	1/31/2012	1/31/2013	1/31/2014	1/31/2015
Sales	$446,474	$468,514	$476,246
Cost of goods sold	$-334,251	$-352,170	$-358,058
Selling, general, and administrative expenses	$-86,141	$-89,042	$-91,616
EBIT	$26,082	$27,302	$26,572
Interest expense	$-2,217	$-2,243	$-2,222
Taxes	$-8,830	$-9,272	$-9,010
Net income	$15,035	$15,787	$15,340