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Walmart Inc. Data for the year ended December 31, 2023: Item Amount Total Revenue $500,000,000 Cost of Goods Sold $300,000,000 Operating Expenses $150,000,000 Income

Walmart Inc.
 Data for the year ended December 31, 2023:

Item

Amount

Total Revenue

$500,000,000

Cost of Goods Sold

$300,000,000

Operating Expenses

$150,000,000

Income Tax Expense

$50,000,000

Net Income

$40,000,000

  1. Calculate Walmart's gross profit margin.
  2. Determine Walmart's operating profit margin.
  3. Analyze the impact of income tax expense on Walmart's net income.
  4. Discuss Walmart's revenue recognition policy for merchandise sales.
  5. Evaluate Walmart's profitability using the return on assets (ROA) ratio.

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