Walmart Inc.

Consolidated Statements of Income

Fiscal Years Ended January $31,$

$($Amounts in millions, except per share data$)202420232022$

Revenues:

Net sales $ $642,637$ $ $605,881$ $ $567,762$

Membership and other income $5,4885,4084,992$

Total revenues $648,125611,289572,754$

Costs and expenses:

Cost of sales $490,142463,721429,000$

Operating, selling, general and administrative expenses $130,971127,140117,812$

Operating income $27,01220,42825,942$

Interest:

Debt $2,2591,7871,674$

Finance lease $424341320$

Interest income $(546)(254)(158)$

Interest, net $2,1371,8741,836$

Loss on extinguishment of debt $2,410$

Other $($gains$)$ and losses $3,0271,5383,000$

Income before income taxes $21,84817,01618,696$

Provision for income taxes $5,5785,7244,756$

Consolidated net income $16,27011,29213,940$

Consolidated net $($income$)$ loss attributable to noncontrolling interest $(759)388(267)$

Consolidated net income attributable to Walmart $ $15,511$ $ $11,680$ $ $13,673$

Net income per common share:

Basic net income per common share attributable to Walmart $ $1\mathrm{.}82$ $ $1\mathrm{.}43$ $ $1\mathrm{.}63$

Diluted net income per common share attributable to Walmart $1\mathrm{.}811\mathrm{.}421\mathrm{.}62$

Weighted$-$average common shares outstanding:

Basic $8,0778,1718,376$

Diluted $8,1088,2028,415$

Dividends declared per common share $ $0\mathrm{.}8000$

Based on the $2024$ data, what's Walmart retenetion ratio. You can use basic net income per share in your calculation. Keep in mind the theoretical growth rate in class $($ROE $*$ Rentention Ratio$)$ that was covered, we are looking for Walmart's $2024$ rentntion ratio.

What is Walmarts $2024$ retention ratio? Round your answer to one decimal place. so an answer of $\mathrm{.}0\mathrm{.}487$ shoulg be entered as $49\mathrm{.}0($that$\text{'}$s $49\%)$