** what is needed for the Ch 8 Walmart Case on page 404-405 in the 14th edition of the text. All assessments must be accompanied by quantitative data to back up your position. Further, #2 requires that you assess Walmart's profitability by quarter and by operating segment--that means that you must utilize the profitability ratios you learned in financial accounting and intermediate accounting to assess/compare each segment over time.

2017 ANALYSIS CASE 1WALMART INTERIM AND SEGMENT REPORTING The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): Three Months Ended April 30, Three Months Ended July 31, Three Months Ended October 31, 2017 2017 Net Sales Operating Income Net Sales Operating Income Net Sales Operating Income Walmart U.S. $75,436 $4,269 $78,738 $4,618 $77,724 $4,030 Walmart International 27,097 1,163 28,331 1,592 29,548 1,249 Sam's Club 13,993 414 14,880 404 14,864 447 The following information was extracted from the notes to the financial statements in the Walmart Inc., Annual Report (for Page 405 the fiscal year ended January 31, 2018, amounts in millions): Note 15. Segments Fiscal Year Ended January 31, 2018 Corporate Walmart U.S. Walmart International Sam's Club and Support Consolidated Net sales $318,477 $118,068 $59,216 $495,761 Operating income (loss) 17,869 5,352 982 (3.766) 20,437 Total assets 104,347 81,549 13,418 5,208 204,522 Note 17. Quarterly Financial Data (unaudited) Fiscal Year Ended January 31, 2018 Q1 Q2 Q3 $116,526 $121,949 $122,136 87,688 91,521 91,547 3,152 3,104 1,904 Net sales Cost of sales Consolidated net income 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. 2017 ANALYSIS CASE 1WALMART INTERIM AND SEGMENT REPORTING The following information was extracted from quarterly reports for Walmart Inc. (amounts in millions): Three Months Ended April 30, Three Months Ended July 31, Three Months Ended October 31, 2017 2017 Net Sales Operating Income Net Sales Operating Income Net Sales Operating Income Walmart U.S. $75,436 $4,269 $78,738 $4,618 $77,724 $4,030 Walmart International 27,097 1,163 28,331 1,592 29,548 1,249 Sam's Club 13,993 414 14,880 404 14,864 447 The following information was extracted from the notes to the financial statements in the Walmart Inc., Annual Report (for Page 405 the fiscal year ended January 31, 2018, amounts in millions): Note 15. Segments Fiscal Year Ended January 31, 2018 Corporate Walmart U.S. Walmart International Sam's Club and Support Consolidated Net sales $318,477 $118,068 $59,216 $495,761 Operating income (loss) 17,869 5,352 982 (3.766) 20,437 Total assets 104,347 81,549 13,418 5,208 204,522 Note 17. Quarterly Financial Data (unaudited) Fiscal Year Ended January 31, 2018 Q1 Q2 Q3 $116,526 $121,949 $122,136 87,688 91,521 91,547 3,152 3,104 1,904 Net sales Cost of sales Consolidated net income 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