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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please don’t reject question is complete. Please answer all parts with explanations thx .
Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window: E Predict the net income for the period ending January 31. 2015, by determining the growth rates of sales, CGS, 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.) Fr Data Table A. Walmart, Inc. Abbreviated Income Statements for the Years Ending January 31, 2012-2015 (S 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 D Cost of goods sold %24 -334,393 $ -352,297 S -358,069 Selling, general, and administrative expenses -86,173 $ %24 -89,148 S -91,763 EBIT 25,943 S 27,206 S -2,249 s -9,234 S 26,462 Interest expense -2,320 s -2,335 Taxes -8,741 S -8,927 Natincomo 15 722ls 15 200 change in net working capital for the year a (? a 40) ENG hp $ 4 & 3 W E R Y P D H. J K It alt ctrl LL
Transcribed Image Text:Predicting net income. Abbreviated income statements for Walmart, Inc. are in the popup window: E Predict the net income for the period ending January 31. 2015, by determining the growth rates of sales, CGS, 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.) Fr Data Table A. Walmart, Inc. Abbreviated Income Statements for the Years Ending January 31, 2012-2015 (S 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 D Cost of goods sold %24 -334,393 $ -352,297 S -358,069 Selling, general, and administrative expenses -86,173 $ %24 -89,148 S -91,763 EBIT 25,943 S 27,206 S -2,249 s -9,234 S 26,462 Interest expense -2,320 s -2,335 Taxes -8,741 S -8,927 Natincomo 15 722ls 15 200 change in net working capital for the year a (? a 40) ENG hp $ 4 & 3 W E R Y P D H. J K It alt ctrl LL
The sales growth is %. (Round to three decimal places.) "a Data Table S Fr Walmart, Inc. A Abbreviated Income Statements for the Years Ending January 31, 2012-2015 N ($ in Millions) Account 1/31/2012 1/31/2013 1/31/2014 1/31/2015 Sales 446,509 S 476,294 2$ 468,651 $ Cost of goods sold $ -334,393 S -352.297 $ -358,069 Fr Selling, general, and administrative expenses -86,173 $ -89,148 $ -91.763 wi EBIT 25,943 S 27.206 $ 26.462 D. Interest expense -2,320 S -2.249 $ %24 -2,335 Fo Taxes 8,741 S -9,234 $ -8,927 Net income 14,882 S Rinht-click.on the tahle and salectConxto Clinhoard and then nghtclick the hinhlichted tevte in the nonun.dialoaue hox 15,723 S 15,200 wi Print Done lid and 2017. d. calculate the change in net working capital for the year Type here to search a hp IOI 4+ 144 @ %23 2. $ 4 7. 8. E R K B .N M. 3.
Transcribed Image Text:The sales growth is %. (Round to three decimal places.) "a Data Table S Fr Walmart, Inc. A Abbreviated Income Statements for the Years Ending January 31, 2012-2015 N ($ in Millions) Account 1/31/2012 1/31/2013 1/31/2014 1/31/2015 Sales 446,509 S 476,294 2$ 468,651 $ Cost of goods sold $ -334,393 S -352.297 $ -358,069 Fr Selling, general, and administrative expenses -86,173 $ -89,148 $ -91.763 wi EBIT 25,943 S 27.206 $ 26.462 D. Interest expense -2,320 S -2.249 $ %24 -2,335 Fo Taxes 8,741 S -9,234 $ -8,927 Net income 14,882 S Rinht-click.on the tahle and salectConxto Clinhoard and then nghtclick the hinhlichted tevte in the nonun.dialoaue hox 15,723 S 15,200 wi Print Done lid and 2017. d. calculate the change in net working capital for the year Type here to search a hp IOI 4+ 144 @ %23 2. $ 4 7. 8. E R K B .N M. 3.
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