Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Opertaions Other Revenues and Gains Other Expenses and Losses Income before Income Tax Provision Income Tax Provision Net Income
From above comparative income statement for threes years, Walmart has lower percentage gross profit for 2012 compare with previous two year, which caused by increased cost of goods sold. However the dollar amount for net sales is increasing from year to year. Operating expenses are decreased for the percentage comparation, this is a favorable trend. Again the dollar amount increased. Even the other renenues, gains and other expenses, losses percentage remain the same for the past three years, but dollar amount increased. The income tax rate for the past three years are remained consistent .