At the end of 2021, Walmart Inc. (WMT) reported annual revenues of ($572.8) billion, gross profit of

Question:

At the end of 2021, Walmart Inc. (WMT) reported annual revenues of $$572.8$ billion, gross profit of $$143.8$ billion, and net income of $$13.7$ billion. Costco Wholesale Corporation (COST) had revenue of $$192.1$ billion, gross profit of $$21.4$ billion, and net income of $$5.0$ billion.

a. Compare the gross margins for Walmart and Costco.

b. Compare the net profit margins for Walmart and Costco.

c. Which firm was more profitable in 2021?

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