Walmart Inc.

Category	Amount
Beginning Inventory	$5,000,000
Purchases	$18,000,000
Ending Inventory	$6,000,000
Net Sales	$25,000,000
Operating Expenses	$7,500,000

Requirements:

1. Create the Cost of Goods Sold (COGS) statement.
2. Determine the Gross Profit.
3. Calculate the Inventory Turnover Ratio.
4. Draft a partial Income Statement showing Net Sales, COGS, and Gross Profit.
5. Analyze the effect of Inventory Turnover Ratio on Walmart's inventory management practices.