Calculate the profit margin

Assignment Help Financial Accounting

Reference no: EM13933823

The following selected data was retrieved from the Walmart, 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.

Reference no: EM13933823

Questions Cloud

Discuss the implications of the questionnaire : Explain the tests themselves, your results, and then discuss the implications of the questionnaire findings and show how these relate to how you learn. You need to think about the connections between the test results and yourself as a learner plus..

What are limitations of extreme sensationalist approach : Identify at least two examples of premodern, modern, and postmodern authoritarian views in contemporary culture and what are their impacts on the educational system (i.e., address the student and professor roles and the issue of academic freedom).

If n (ac u b) = 26 and if n(a n bc) = 7, what does n(u) =? : If n (Ac u B) = 26 and if n(A n Bc) = 7, what does n(U) =?

Estimate the three multiple regression coefficients : Estimate the three multiple regression coefficients. Estimate their standard errors. Obtain R2 and R2-. Estimate 95% confidence intervals for B2 and B3

Calculate the profit margin : Prepare a multiple-step income statement 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.

6.7x + 7.7y - 8.4=0 : Please see new question, same interactions. 6.7x + 7.7y - 8.4=0

Predict the number of calories in a snack which contains fat : Fat, Calories, and Carbohydrates A nutritionist established a significant relationship among the fat content. Predict the number of calories in a snack which contains 10 g of fat and 19 g of carbohydrates.

Calculation of any fbt liability : Advise Periwinkle of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2014. You may assume that Periwinkle would be entitled to input tax credits in relation to any..

Find the tension in the cable : Ffind the value of h when the cable goes slack as the tide drops. The specific weight of sea water is 64 lb /ft3. Assume the buoy is weighted at its base so that it remains vertical.

User Account

All Pages