Question

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.)

The cost of goods sold growth is __​%. Round to three decimal​ places.)

The​ selling, general, and administrative expenses growth is __​%. ​(Round to three decimal​ places.)

The interest expense growth is __%. ​(Round to three decimal​ places)

The projected sales for 2015 is $__ million.  ​(Round to the nearest million​ dollars.)

The projected cost of goods sold for 2015 is ​$__million.  ​(Round to the nearest million​ dollars.)

The projected​ selling, general, and administrative expenses for 2015 is ​$__million.  ​(Round to the nearest million​ dollars.)

The projected interest expense for 2015 is ​$__ million.  ​(Round to the nearest million​ dollars.)

Complete the table below.  ​Note: Use parentheses or a minus sign for numbers to be subtracted.  ​(Round to the nearest million​ dollars.)

Walmart, Inc.
Abbreviated Income Statements for the Years Ending January 31, 2012-2015
($ in Millions)
Account	1/31/2012	1/31/2013	1/31/2014	1/31/2015
Sales	$446,411	$468,651	$476,191	$
Cost of goods sold	$-334,341	$-352,168	$-357,948	$
Selling, general, and administrative expenses	$-86,154	$-89,074	$-91,692	$
EBIT	$25,916	$27,409	$26,551	$
Interest expense	$-2,278	$-2,279	$-2,251	$
Taxes	$-8,746	$-9,298	$-8,991	$
Net income	$14,892	$15,832	$15,309	$

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Answer 1

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