Question

Walmart Inc. Consolidated Balance Sheets As of January 31, 2019 2018 5 7.722 6.183 40269 6.756 5.614 43783 3 511 59664 3.613 61 897 CAR ASSETS Current assets: Cash and cash equivalents Receivables, net Twentones Prepaid expenses and other Tocal current assets Property and equipment: Property and equipment Less accumulated depreciation Property and equipment bel Property under capital law and financing obligations: Property under capital lease and financing obhgations Less accumulated amortization Property under capital lease and financing obligations, net 185810 (81.193) 104317 185,154 (77.419) 107,675 12.703 12,700 (5.682) (5,560) 7,143 31 151 18,242 Goodwill Other long-term sets Totales 11.798 204.522 $ LLABILITIES AND EQUITY Current liabilities: Short term borrow Accounts payable Accruedas Acenud incontes Long-term debt de within year Cantal lease and financing obligations due within ose year Totaltet babilities 5,225 47 060 22,159 428 1,876 5.257 46,092 22,122 3.738 729 77,477 78.521 30,045 Long-term debit Long term capital lease and financing obligations Deferred income taxes and other 43,520 6,683 11.981 6.780 8354 Comites and contingencies 288 195 2.96 2,645 85.107 Equity: Conumes stock Capital in excess of par value Retained earnings Acciated other comprehensive less Total Walmart shareholders equity Non controlling interest Tocal equity Total liabilities and equity (10.181) 7769 80.785 (11,542) 72196 7,138 79.634 219,295 2.953 $ $ 80,822 204522

I need someone who help me to solve this problem but need to show works please. thanks

Answer 1

Gross Profit = Net Sales - Cost of Sales
= $510329 - $385301 = $125028

Gross Profit Percentage = Gross Profit / Net Sales x 100
= $125028 / $510329 x 100 = 24.50%

Answer is c. 24.50%