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Walmart's financial information for 2023: Item Amount ($) Total Revenue 559,151,000 Cost of Goods Sold 419,731,000 Operating Expenses 99,121,000 Interest Expense 4,050,000 Tax Rate 25%

Walmart's financial information for 2023:

Item

Amount ($)

Total Revenue

559,151,000

Cost of Goods Sold

419,731,000

Operating Expenses

99,121,000

Interest Expense

4,050,000

Tax Rate

25%

Requirements:

  1. Prepare an Income Statement for Walmart for the year 2023.
  2. Calculate the Gross Profit.
  3. Determine the Operating Income.
  4. Calculate the Net Income after taxes.
  5. Evaluate the profit margin ratio for Walmart.

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