Question
Walmart Inc. has the following data for 2023: Net Sales: $4,000,000 Cost of Goods Sold: $2,800,000 Operating Expenses: $900,000 Interest Expense: $98,000 Tax Expense: $200,000
Walmart Inc. has the following data for 2023:
- Net Sales: $4,000,000
- Cost of Goods Sold: $2,800,000
- Operating Expenses: $900,000
- Interest Expense: $98,000
- Tax Expense: $200,000
Prepare the income statement and calculate the gross profit margin and net profit margin for Walmart Inc. for the year 2023.
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Accounting Volume 1
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
9th Canadian edition
978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096
