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Common-size financial statements. Prepare common-size income statements for Walmart and Starbucks using the January 2015 and...

Common-size financial statements. Prepare common-size income statements for Walmart and Starbucks using the January 2015 and September 2014 information in the popup window:

LOADING...

. Which company is doing a better job of getting sales dollars to net income? Where is the one company having an advantage over the other company in turning revenue into net income?

Complete the table below: (Round to two decimal places. Net income to three decimal places.)

Abbreviated Income Statements ($ in Millions)

Company

Walmart, Inc.

Starbucks

Account

1/31/2015

9/30/2014

Sales

$491,865

%

$16,722

%

Cost of goods sold

$-370,524

%

$-7,144

%

Selling, general, and administrative expenses

$-94,560

%

$-11,552

%

EBIT

$26,781

%

$-1,974

%

Interest expense

$-2,302

%

$-17

%

Taxes

$-9,057

%

$737

%

Net income

$15,422

%

$-1,254

%

Solutions

Expert Solution

jeff jeffy answered 2 years ago
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