4) What is the main expense or cost causing Walmart's Operating Income Margin to be what it is (use Income Statement)?

9:10 Walmart 10-K - M... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20849 FORM 10-K Annual report penuant to sertiva 13 or 15(d) of the Securities Burhane Art of 1994 For the focal year ended mer 31, 2020, Transition report persuant to section 13 or 1d) of the Securities Exchange Act of 1954 Commission file number 001-6491 Walmart WALMART INC. (Exact name of registrant specified in its charter) TI-AISIN TU2 S. W. Nih Street Bentesville, AR 72716 Turn ps allam i Cade Registrant's telephone number, including area ode: (479) 273-4000 Securities registered users in Section 13 of the Tidealidaci Common Stock, per value 0.10 per share 1.900 Notes Due 2022 2 550 Notes 20 WMT WMT22 Name och exceed NYSE NYSE NYSE Securities registered pursuant to Section 121 of the Act. None Indicale by check mask if the registrert is a well-known seasoned issuer, as defudin Rule 405 of the Securities Act. Indicule by check mask if the registrert is not required to file reports pursuant to Section 13 Section 15(d) or the Exchange Act Yes No Walmart Condidated Statements of income 3100 5 5 Nelle Marhaip and earlier To Catal 51032 407 5140 4,90 523,58 S0343 385,301 TOT IT Operating in and VECTRA peringe 5 10 791 315 10 SID 2017 44 Dashboard Calendar To Do Notifications Inbox 9:10 Walmart 10-K - M... Q Consolidated Statements of income Yan kary 31, 2019 210 5 5 31436 5 5102 5 18,21 Arsenal R: Nei Nestes Mestership Taalves cal Cado 4133 5254 900, 1921 21.558 102.147 21.95 373, 166.510 20431 Operating 2.32 717 Pane, pial keading obligaen 171 (217) 2,12 191 (19 2,173 2410 Inimes | Lesson of Oleg Info Parti (1,9551 116 4281 4415 15.301 4 10 Coached to be religie Casa sinusets Walmart 13 14 60 9, Note per car 5 5 $ 720 * $19 2 Weider dig Bleik 2.550 X ID 204 Serwis Walmartin Calidad Balance Sheets 31 2001 2019 KTN 44 Dashboard Calendar To Do Notifications Inbox 9:10 Walmart 10-K - M... - M Q Walmart Chwilaid Balance Sheets 2019 ASSETS Cat and canvas 2455 5 6388 44 Ime 13 Tualch 1.422 61.95 1991 Pepatulepired 17,434 4417 Fier Tirpats anta cariat las and irassing thigaira, tel LOS 31181 HU22 21.95 Total 5 LIAMS AND YOUTY 5 5 5.225 192 Setembro AM hart tuckibaa 12.193 138 Luky Clpcratas lanciate da viis year 200 S2 1,24 511 72 Capiscandiagoa days Tocal 14 16 Lars-komunale La pilota Deford can be and other 6583 11:55 Canal Equity 255 21 42 SUS homaladha laal ter' 91.789 (11,9021 6.10 31,532 7121 P4 29.01 laalai Tata ilaithianslaty SORRIRA Walmartine Consolidated Staments of Cash Fr Final Yes Ender 2009 ce Coches 5 15.30 1644 14 orecchie in care provided by operating activiti Tyrim Linated and IN 2516 44 Dashboard Calendar To Do Notifications Inbox ( 9:10 Walmart 10-K - M... Calendar Dashboard To Do Notifications Inbox 9:10 Walmart 10-K - M... UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20849 FORM 10-K Annual report penuant to sertiva 13 or 15(d) of the Securities Burhane Art of 1994 For the focal year ended mer 31, 2020, Transition report persuant to section 13 or 1d) of the Securities Exchange Act of 1954 Commission file number 001-6491 Walmart WALMART INC. (Exact name of registrant specified in its charter) TI-AISIN TU2 S. W. Nih Street Bentesville, AR 72716 Turn ps allam i Cade Registrant's telephone number, including area ode: (479) 273-4000 Securities registered users in Section 13 of the Tidealidaci Common Stock, per value 0.10 per share 1.900 Notes Due 2022 2 550 Notes 20 WMT WMT22 Name och exceed NYSE NYSE NYSE Securities registered pursuant to Section 121 of the Act. None Indicale by check mask if the registrert is a well-known seasoned issuer, as defudin Rule 405 of the Securities Act. Indicule by check mask if the registrert is not required to file reports pursuant to Section 13 Section 15(d) or the Exchange Act Yes No Walmart Condidated Statements of income 3100 5 5 Nelle Marhaip and earlier To Catal 51032 407 5140 4,90 523,58 S0343 385,301 TOT IT Operating in and VECTRA peringe 5 10 791 315 10 SID 2017 44 Dashboard Calendar To Do Notifications Inbox 9:10 Walmart 10-K - M... Q Consolidated Statements of income Yan kary 31, 2019 210 5 5 31436 5 5102 5 18,21 Arsenal R: Nei Nestes Mestership Taalves cal Cado 4133 5254 900, 1921 21.558 102.147 21.95 373, 166.510 20431 Operating 2.32 717 Pane, pial keading obligaen 171 (217) 2,12 191 (19 2,173 2410 Inimes | Lesson of Oleg Info Parti (1,9551 116 4281 4415 15.301 4 10 Coached to be religie Casa sinusets Walmart 13 14 60 9, Note per car 5 5 $ 720 * $19 2 Weider dig Bleik 2.550 X ID 204 Serwis Walmartin Calidad Balance Sheets 31 2001 2019 KTN 44 Dashboard Calendar To Do Notifications Inbox 9:10 Walmart 10-K - M... - M Q Walmart Chwilaid Balance Sheets 2019 ASSETS Cat and canvas 2455 5 6388 44 Ime 13 Tualch 1.422 61.95 1991 Pepatulepired 17,434 4417 Fier Tirpats anta cariat las and irassing thigaira, tel LOS 31181 HU22 21.95 Total 5 LIAMS AND YOUTY 5 5 5.225 192 Setembro AM hart tuckibaa 12.193 138 Luky Clpcratas lanciate da viis year 200 S2 1,24 511 72 Capiscandiagoa days Tocal 14 16 Lars-komunale La pilota Deford can be and other 6583 11:55 Canal Equity 255 21 42 SUS homaladha laal ter' 91.789 (11,9021 6.10 31,532 7121 P4 29.01 laalai Tata ilaithianslaty SORRIRA Walmartine Consolidated Staments of Cash Fr Final Yes Ender 2009 ce Coches 5 15.30 1644 14 orecchie in care provided by operating activiti Tyrim Linated and IN 2516 44 Dashboard Calendar To Do Notifications Inbox ( 9:10 Walmart 10-K - M... Calendar Dashboard To Do Notifications Inbox