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Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window: E. Predict the net income for the period ending January 31,
Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window: E. 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. Data Table (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 1/31/2014 1/31/2012 1/31/2013 1/31/2015 446,509 $ 468,651 $ |Sales 476,294 Cost of goods sold -334,393 $ -352,297 $ -358,069 -86,173 $ -89,148 $ Selling, general, and administrative expenses -91,763 25,943 $ 27,206 $ EBIT 26,462 -2,320 $ -2,249 $ Interest expense 2$ -2,335 -9,234 $ Taxes -8,741 $ -8,927 15,723 $ Net income 14,882 $ 2$ 15,200 Enter your answer in the answer box and then click Check Answer. Right-click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup dialogue box and select Cony in order to paste its contents into a snreadsheet
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