The following selected data was retrieved from the Wal-Mart Inc. financial state

The following selected data was retrieved from the Wal-Mart Inc. financial statements for the year ending January 31 2013: Accounts Payable$38080Accounts Receivable6768Cash7781Common Stock3952Cost of Goods Sold352488Income Tax Expense7981Interest Expenses2064Membership Revenues3048Net Sales466114Operating Selling and Administrative Expenses88873Retained Earnings72978Required: Using the information provided above: 1. Prepare a multiple-step income statement 2. Calculate the Profit Margin and Gross profit rate for the company. Be sure to provide the formula you are using show your calculations and discuss your findings/results.