Refer to the $10-$K for Walmart.

Required:

$1.$ What does the company report for the following accounts for the most current fiscal year:

Enter your answer in millions.

a$.$Net Sales$*$$fill in the blank $1$b$.$Gross Profit$fill in the blank $2$c$.$Operating Income$fill in the blank $3$d$.$Net Income $*$$fill in the blank $4$e$.$Accounts Receivable, net$fill in the blank $5$

$*$Be sure to exclude other revenue accounts from Net Sales. Net income is 'Net income attributable to Walmart'.

$2.$ Due to the building of new stores, the company expects the following:

$$ Sales and gross profit will increase by $$10,000$ million.

$$ Operating Income will increase by $$2,000$ million.

$$ Net income will decrease by $$10,000$ million.

$$ Accounts Receivable is projected to increase by $1\%.$

Provide the next year$$s forecasted balances for the above accounts.

Round your answer to the nearest million.

a$.$Net Sales$fill in the blank $6$b$.$Gross Profit$fill in the blank $7$c$.$Operating Income$fill in the blank $8$d$.$Net Income$fill in the blank $9$e$.$Accounts Receivable, net$fill in the blank $10$

$3.$ Compute the forecasted accounts receivable turnover for the next fiscal year. Round your answer to two decimal places.

fill in the blank $11$

$4.$ Compute the forecasted gross profit margin for the next fiscal year. Round your answer to two decimal places.

fill in the blank $12\%$

$5.$ Compute the forecasted operating margin for the next fiscal year. Round your answer to two decimal places.

fill in the blank $13\%$

$6.$ Compute the forecasted net profit margin for the next fiscal year. Round your answer to two decimal places.

fill in the blank $14\%$

$7.$ What type of business strategy does the company use?

Cost leadershipDifferentiation