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Review the following comparative income statements for Walmart Inc. for the years ended January 31, 2023, and 2022. Walmart Inc. 2023 2022 Sales $611,289 $572,754

Review the following comparative income statements for Walmart Inc. for the years ended January 31, 2023, and 2022.

Walmart Inc.

2023

2022

Sales

$611,289

$572,754

Cost of Goods Sold

$456,237

$428,413

Gross Profit

$155,052

$144,341

Operating Expenses

$101,209

$95,987

Net Income

$30,862

$25,825

Requirements:

  1. Calculate the gross profit margin for each year.
  2. Calculate the operating profit margin for each year.
  3. Compute the net profit margin for each year.
  4. Provide an analysis of Walmart Inc.'s profitability trends over these two years.

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