Using the below Income Statement Create a Common-Size income statement. Walmart Inc.'s Consolidated Statement of Income As of January 31, (Amounts in millions) (Amounts in millions, except per share data) 2019 2018 2017 Revenues: Net sales $ 510,329 $ 495,761 $ 481,317 Membership and other income 4,076 4,582 4,556 Total revenues 514,405 500,343 485,873 Costs and expenses: Cost of sales 385,301 373,396 361,256 Operating, selling, general and administrative expenses 107,147 106,510 101,853 Operating income 21,957 20,437 22,764 Interest: Debt 1,975 1,978 2,044 Capital lease and financing obligations 371 352 323 Interest income (217) (152) (100) Interest, net 2,129 2,178 2,267 Loss on extinguishment of debt - 3,136 - Other (gains) and losses 8,368 - - Income before income taxes 11,460 15,123 20,497 Provision for income taxes 4,281 4,600 6,204 Consolidated net income 7,179 10,523 14,293 Consolidated net income attributable to noncontrolling interest (509) (661) (650) Consolidated net income attributable to Walmart 6,670 9,862 13,643 Net income per common share: Basic net income per common share attributable to Walmart 2.28 3.29 4.4 Diluted net income per common share attributable to Walmart 2.26 3.28 4.38 Weighted-average common shares outstanding: Basic 2,929 2,995 3,101 Diluted 2,945 3,010 3,112 Dividends declared per common share 2.08 2.04 2.00
Using the below Income Statement Create a Common-Size income statement. Walmart Inc.'s Consolidated Statement of Income As of January 31, (Amounts in millions) (Amounts in millions, except per share data) 2019 2018 2017 Revenues: Net sales $ 510,329 $ 495,761 $ 481,317 Membership and other income 4,076 4,582 4,556 Total revenues 514,405 500,343 485,873 Costs and expenses: Cost of sales 385,301 373,396 361,256 Operating, selling, general and administrative expenses 107,147 106,510 101,853 Operating income 21,957 20,437 22,764 Interest: Debt 1,975 1,978 2,044 Capital lease and financing obligations 371 352 323 Interest income (217) (152) (100) Interest, net 2,129 2,178 2,267 Loss on extinguishment of debt - 3,136 - Other (gains) and losses 8,368 - - Income before income taxes 11,460 15,123 20,497 Provision for income taxes 4,281 4,600 6,204 Consolidated net income 7,179 10,523 14,293 Consolidated net income attributable to noncontrolling interest (509) (661) (650) Consolidated net income attributable to Walmart 6,670 9,862 13,643 Net income per common share: Basic net income per common share attributable to Walmart 2.28 3.29 4.4 Diluted net income per common share attributable to Walmart 2.26 3.28 4.38 Weighted-average common shares outstanding: Basic 2,929 2,995 3,101 Diluted 2,945 3,010 3,112 Dividends declared per common share 2.08 2.04 2.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Using the below Income Statement Create a Common-Size income statement.
Walmart Inc.'s Consolidated Statement of Income | |||
|
|
|
|
As of January 31, | |||
(Amounts in millions) | |||
(Amounts in millions, except per share data) |
2019 | 2018 | 2017 |
Revenues: |
|
|
|
Net sales | $ 510,329 | $ 495,761 | $ 481,317 |
Membership and other income | 4,076 | 4,582 | 4,556 |
Total revenues | 514,405 | 500,343 | 485,873 |
Costs and expenses: |
|
|
|
Cost of sales | 385,301 | 373,396 | 361,256 |
Operating, selling, general and administrative expenses | 107,147 | 106,510 | 101,853 |
Operating income | 21,957 | 20,437 | 22,764 |
Interest: |
|
|
|
Debt | 1,975 | 1,978 | 2,044 |
Capital lease and financing obligations | 371 | 352 | 323 |
Interest income | (217) | (152) | (100) |
Interest, net | 2,129 | 2,178 | 2,267 |
Loss on extinguishment of debt | - | 3,136 | - |
Other (gains) and losses | 8,368 | - | - |
Income before income taxes | 11,460 | 15,123 | 20,497 |
Provision for income taxes | 4,281 | 4,600 | 6,204 |
Consolidated net income | 7,179 | 10,523 | 14,293 |
Consolidated net income attributable to noncontrolling interest | (509) | (661) | (650) |
Consolidated net income attributable to Walmart | 6,670 | 9,862 | 13,643 |
Net income per common share: |
|
|
|
Basic net income per common share attributable to Walmart | 2.28 | 3.29 | 4.4 |
Diluted net income per common share attributable to Walmart | 2.26 | 3.28 | 4.38 |
Weighted-average common shares outstanding: |
|
|
|
Basic | 2,929 | 2,995 | 3,101 |
Diluted | 2,945 | 3,010 | 3,112 |
Dividends declared per common share | 2.08 | 2.04 | 2.00 |
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