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(TCO B) The following selected data was retrieved from the Walmart, Inc. financial statements for the year ending January 31,...

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(TCO B) 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.;(Points: 36)

 

Paper#74139 | Written in 18-Jul-2015

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