Below is an abbreviated income statement for Wal-Mart. Predict the net income for the period ending January 31, 2010, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of37%.

Wal-Mart Inc. Abbreviated Income Statements for the Years Ending 2007-2010 Account Sales Cost of goods sold Selling, general, and S in Millions) 1/31/2007 131/20081/31/2009 1/31/2010 $348,650 S378,799 $405,607 $264,152 S286,515S306158 administrative expenses EBIT Interest expense Taxes Net income 63,721 S 69,983S 76,367 20,77722,30 23,082 ,809 2,103 2,184 S 7,684 7,468 7,498 $ 11,284 12,731 S 13,400