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In: Accounting

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

$491,950

   

%

$16,846

%

Cost of goods sold

$-370,421

%

$-7,134

%

Selling, general, and administrative expenses

$-94,624

%

$-11,530

%

EBIT

$26,905

%

$-1,818

%

Interest expense

$-2,304

%

$-23

%

Taxes

$-9,102

%

$681

%

Net income

$15,499

%

$-1,160

%

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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