Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Walmart Inc. has the following financial data for the fiscal year ending January 31, 2024: Total assets: $60,000,000 Total liabilities: $36,000,000 Total equity: $24,000,000 Net
Walmart Inc. has the following financial data for the fiscal year ending January 31, 2024:
- Total assets: $60,000,000
- Total liabilities: $36,000,000
- Total equity: $24,000,000
- Net income: $8,000,000
- Sales revenue: $48,000,000
- Cost of goods sold: $28,800,000
- Operating expenses: $9,600,000
- Interest expense: $1,600,000
- Income tax expense: $2,400,000
Calculate the following ratios for Walmart Inc. for the fiscal year ending January 31, 2024:
- Current ratio
- Debt-to-equity ratio
- Gross margin ratio
- Net profit margin ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started