Comparative Income Statement
Prepare a comparative income statement for Walmart, Inc. for the years ended December 31, 2006, Be sure to include figures for gross margin, operating income, income before taxes, net income, and earnings per share.
Sales $300,000
Utilities expenses 15,000
Employee salaries 115,000
Advertising expenses 10,000
Income tax expense 9,000
Interest expense 25,000
Cost of goods sold 115,000
Interest revenue 10,000
Assets would be Sales and Interest Revenue
Liability would be all expenses, salaries and cost of goods sold
Operating income would be salaries income before taxes would be income tax expense, earnings per share would be interest revenue. Earnings per share would be O.00