The following information was extracted from quarterly reports for Wal-Mart Stores, Inc. (amounts in millions):

The following information was extracted from the notes to the financial statements in the Wal-Mart Stores, Inc., Annual Report (for the fiscal year ended January 31, 2011, amounts in millions):
16 Segments
Fiscal Year Ended January 31, 2011

18 Quarterly Financial Data (Unaudited)
(Amounts in millions except per share data)

Required
1. Assess the seasonal nature of Walmart's sales and income for the company as a whole and by operating segment.
2. Assess Walmart's profitability by quarter and by operating segment?

Transcribed Image Text:

Three Months Ended April 30 2009 54,638 $4,391 857 393 Three Months Ended July 31 2010 Three Months Ended October 31 2010 2010 Operating Income Walmart U.S Walmart International Sam's Club 2009 $4,879 $4,890 1,112 418 2009 1,095 429 1,299 428 $4,399 $4,318 1,078 395 1,223 367 Walmart Walmart U.S. International Sam's Club Other Consolidated Net sk.. Operating income (loss) 260,261 109,232 5,606 $418,952 25,542 $49,459 19,914 711 1,689) Total assets of continuing 89,725 72,021 12,5316,255 180,532 Fiscal Year Ended January 31, 2011 Q1 Q2 Net sk.. Cost of sales Income from continuing operations Q3 $101,239 S 3,590 Q4 $115,600 87,158 $ 5,178 99,097 $103,016 77,523 74,700 3,444 3,747 75,906