Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window. Predict the net income for the period ending January 31, 2015, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers. (Hint Use the compounded growth rate method to calculate all of the growth rates.) The sales growth is%. (Round to three decimal places.) O Data Table N Walmart, Inc. Abbreviated Income Statements for the Years Ending January 31, 2012-2015 ($ in Millions) Fr Account 1/31/2012 1/31/2013 1/31/2014 1/31/2015 Sales 446,509 S 468,651 S 476,294 Cost of goods sold -334,393 $ -352,297 S -358,069 khe Selling, general, and administrative expenses -86,173 S -89,148 S -91,763 EBIT 25,943 $ 27,206 S 26,462 Interest expense -2,320 S -2,249 S -2,335 |Тахes -8,741 S -9.234 S -8,927 Natincome. 15 723s 15 200 change in net working capital for the year
Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window. Predict the net income for the period ending January 31, 2015, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers. (Hint Use the compounded growth rate method to calculate all of the growth rates.) The sales growth is%. (Round to three decimal places.) O Data Table N Walmart, Inc. Abbreviated Income Statements for the Years Ending January 31, 2012-2015 ($ in Millions) Fr Account 1/31/2012 1/31/2013 1/31/2014 1/31/2015 Sales 446,509 S 468,651 S 476,294 Cost of goods sold -334,393 $ -352,297 S -358,069 khe Selling, general, and administrative expenses -86,173 S -89,148 S -91,763 EBIT 25,943 $ 27,206 S 26,462 Interest expense -2,320 S -2,249 S -2,335 |Тахes -8,741 S -9.234 S -8,927 Natincome. 15 723s 15 200 change in net working capital for the year
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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