Wal-Mart, Inc. multiple-step income statement

profileAbhishek Jain
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The following selected data was retrieved from the Wal-Mart, Inc. financial statements for the year ending January 31, 2013:

 

 

 

 

Accounts Payable

 



$38,080

 

Accounts Receivable

 



6,768

 

Cash

 



7,781

 

Common Stock

 



3,952

 

Cost of Goods Sold

 



352,488

 

Income Tax Expense

 



7,981

 

Interest Expenses

 



2,064

 

Membership Revenues

 



3,048

 

Net Sales

 



466,114

 

Operating, Selling and Administrative Expenses

 



88,873

 

Retained Earnings

 



72,978

 

 

Required:

Using the information provided above:

1. Prepare a multiple-step income statement

2. Calculate the Profit Margin, and Gross profit rate for the company. Be sure to provide the formula you are using, show your calculations, and discuss your findings/results

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    Wal-Mart MultiStep Income Statement (100% Correct Solution)
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