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

 

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The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): Three Months Ended April 30, 2017 Three Months Ended July 31, 2017 Three Months Ended October 31, 2017 Walmart U.S..... Walmart International. Sam's Club.... Operating Operating Net Sales Income Net Sales Income Net Sales Operating Income $75,436 27,097 13.993 $4,269 1,163 414 $78,738 28.331 14,880 $4,618 1,592 $77,724 29,548 $4,030 1,249 404 14,864 447 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): Net sales..... Walmart U.S. $318,477 Note 15. Segments Fiscal Year Ended January 31, 2018 Walmart Corporate International Sam's Club and Support ted $118,068 $59,216 $495,761 Operating income 17,869 104,347 5,352 81,549 (loss)...... Total assets. Note 17. Quarterly Financial Data (unaudited) Fiscal Year Ended January 31, 2018 982 13,418 (3.766) 5,208 20,437 204,522 Q1 Net sales..... $116,526 Q2 $121,949 Cost of sales Consolidated net income 87,688 3,152 91,521 3,104 Q3 $122,136 91,547 1,904 Q4 $135,150 102,640 2,363 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. The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): Three Months Ended April 30, 2017 Three Months Ended July 31, 2017 Three Months Ended October 31, 2017 Walmart U.S..... Walmart International. Sam's Club.... Operating Operating Net Sales Income Net Sales Income Net Sales Operating Income $75,436 27,097 13.993 $4,269 1,163 414 $78,738 28.331 14,880 $4,618 1,592 $77,724 29,548 $4,030 1,249 404 14,864 447 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): Net sales..... Walmart U.S. $318,477 Note 15. Segments Fiscal Year Ended January 31, 2018 Walmart Corporate International Sam's Club and Support ted $118,068 $59,216 $495,761 Operating income 17,869 104,347 5,352 81,549 (loss)...... Total assets. Note 17. Quarterly Financial Data (unaudited) Fiscal Year Ended January 31, 2018 982 13,418 (3.766) 5,208 20,437 204,522 Q1 Net sales..... $116,526 Q2 $121,949 Cost of sales Consolidated net income 87,688 3,152 91,521 3,104 Q3 $122,136 91,547 1,904 Q4 $135,150 102,640 2,363 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.