The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions):

The following information was extracted from the notes to the financial statements in the Walmart Inc., Annual Report (for the fiscal year ended January 31, 2018, amounts in millions):

Required

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

2. Assess Walmart’s profitability by quarter and by operating segment.

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Three Months Ended Three Months Ended Three Months Ended April 30, 2017 July 31, 2017 October 31, 2017 Operating Income Operating Income Operating Income Net Sales Net Sales Net Sales $75,436 $4,269 1,163 414 $78,738 $4,618 $77,724 29,548 Walmart U.S... $4,030 Walmart International . 27,097 28,331 1,592 1,249 Sam's Club 13,993 14,880 404 14,864 447