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MIL $ | 2015 | 2014 | 2013 |

Revenue | 485,651 | 476,294 | 468,651 |

Gross Profit | 120,565 | 118,225 | 116,354 |

SG&A Expense | 93,418 | 91,353 | 88,629 |

Operating Income | 27,147 | 26,872 | 27,725 |

Net Income | 16,363 | 16,022 | 16,999 |

Walmart Income Statement Summary

% | 2015 | 2014 | 2013 |

Revenue | 2% | 1.6% | 5% |

Gross Profit | 24.3% | 24.3% | 24.3% |

SG&A Expense | 19.4% | 19.3% | 19% |

Operating Income | | | |

Net Income | | | |

Question 1: What 3 items of important information does the income statement reveal about the financial performance of the company over the last three years? 

Revenue: Should be growing over time: According to the Walmart SEC Reporting their growth has been in fact growing as it has increased 17M from 2013 to 2015.

Gross Profit: Should be a stable % of Sales Revenue. The gross Profit for Walmart has in fact been stable remaining at 24.3% from 2013 through 2015.

SG&A Expense: Should be a stable % of Sales Revenue. The SG&A for Walmart ha been relatively stable, but the SEC filing reveals there has been a slight increase each year.

Conclusion: These three important pieces of information reveals that Walmart is financially a little shaky. From 2013 to 2014 they lost $977,000, but then improved by increasing revenue by $340,778 from 2014 to 2015. Their operating income also took a dive during 2014. But managed to slightly recuperate in 2015. Despite the up and downs of their income statements, Walmart manages to remain relatively stable.

Walmart Balance Sheet Summary

Summary of Balance Sheet |

Assets | 63,278,000 | Liabilities & Equity | |

Cash | | Current Liabilities | 65,272,000 |

Other Current Assets | | Long Term Liabilities | 41,086 |

Long term Assets | | Share Holders Equity | 81,394,000 |

Total | | Total | |

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2) What 3 items of important information does the balance sheet reveal about the financial...