Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Walmart Inc. has the following financial data for the fiscal year ending January 31, 2024: Total assets: $90,000,000 Total liabilities: $54,000,000 Total equity: $36,000,000 Net

Walmart Inc. has the following financial data for the fiscal year ending January 31, 2024:

  • Total assets: $90,000,000
  • Total liabilities: $54,000,000
  • Total equity: $36,000,000
  • Net income: $12,000,000
  • Sales revenue: $72,000,000
  • Cost of goods sold: $43,200,000
  • Operating expenses: $14,400,000
  • Interest expense: $2,400,000
  • Income tax expense: $3,600,000

Calculate the following ratios for Walmart Inc. for the fiscal year ending January 31, 2024:

  1. Current ratio
  2. Debt-to-equity ratio
  3. Gross margin ratio
  4. Net profit margin ratio 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting for Managers

Authors: Eric Noreen, Peter Brewer, Ray Garrison

4th edition

1259578542, 978-1259578540

More Books

Students also viewed these Accounting questions

Question

What is an IDictionaryEnumerator?

Answered: 1 week ago

Question

What is COM?

Answered: 1 week ago