• Walmart Inc. recorded a $2 billion impairment loss on its retail stores due to changing market conditions. The company provided the following financial figures:
  • Impairment Loss: $2 billion
  • Total Revenue: $500 billion
  • Operating Expenses: $470 billion
  • Net Income: $20 billion

• Requirements:
  1. Calculate Walmart's net income after accounting for the impairment loss.
  2. Prepare an income statement showing the impact of the impairment loss on operating income.
  3. Analyze Walmart's operating profit margin before and after the impairment loss.
  4. Discuss the disclosure requirements for impairment losses in Walmart's financial statements.
  5. Evaluate the impact of the impairment loss on Walmart's asset management strategy.