Review the following comparative income statements for Walmart Inc. for the years ended January 31, 2023, and
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Question:
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:
- Calculate the gross profit margin for each year.
- Calculate the operating profit margin for each year.
- Compute the net profit margin for each year.
- Provide an analysis of Walmart Inc.'s profitability trends over these two years.
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