Walmart, Inc., has three operating segments: Walmart U.S., Walmart International, and Sam’s Club. The following information was extracted from quarterly reports for Walmart, Inc. (amounts in millions):

The following information was extracted from Note 13 Segments and Disaggregated Revenue in the Walmart, Inc., Form 10-K for the fiscal year ended January 31, 2021 (amounts in millions):

Required

1. Assess the seasonal nature of Walmart’s net sales and operating income for the company as a whole and by operating segment.

2. Assess Walmart’s profitability (operating income/net sales and operating income/total assets) by quarter and by operating segment.

Transcribed Image Text:

Walmart U.S.. Walmart International Sam's Club......….. Three Months Ended April 30, 2020 Net Sales $88,743 29,766 15,163 Operating Income $4,302 806 494 Three Months Ended July 31, 2020 Net Sales $93,282 27,167 16,375 Operating Income $5,057 812 592 Three Months Ended October 31, 2020 Net Sales $88,353 29,554 15,845 Operating Income $4,589 1,078 431