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Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Talu stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 $27,310.0 22,798.4 Revenues $31,000.0 26,232.2 4,767.8 $30,590.0 26,182.0 4,408.0 3,462.8 62.9 Cost of sales Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,511.6 3,633.2 15.3 3,416.5 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 334.8 318.1 281.3 3,980.7 787.1 3,824.9 3,721.0 583.1 790.6 68.2 101.2 110.1 13.2 109.2 694.6 111.2 754.1 582.0 Earnings before income taxes Income taxes 220.1 128.5 71.1 24 534.0 24 453.5 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shou' ndicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to roundins CONSOLIDATED STATEMENTS OF EARNINGS

Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Talu stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 $27,310.0 22,798.4 Revenues $31,000.0 26,232.2 4,767.8 $30,590.0 26,182.0 4,408.0 3,462.8 62.9 Cost of sales Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,511.6 3,633.2 15.3 3,416.5 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 334.8 318.1 281.3 3,980.7 787.1 3,824.9 3,721.0 583.1 790.6 68.2 101.2 110.1 13.2 109.2 694.6 111.2 754.1 582.0 Earnings before income taxes Income taxes 220.1 128.5 71.1 24 534.0 24 453.5 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shou' ndicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to roundins CONSOLIDATED STATEMENTS OF EARNINGS

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 $30,590.0 26,182.0 4,408.0 3,462.8 2017 $27,310.0 22,798.4 Revenues $31,000.0 Cost of sales 26,232.2 Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,767.8 3,633.2 4,511.6 3,416.5 15.3 62.9 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses Earnings before income taxes Income taxes 334.8 318.1 281.3 3,721.0 790.6 3,980.7 3,824.9 583.1 787.1 110.1 111.2 13.2 109.2 68.2 101.2 754.1 582.0 694.6 220.1 534.0 128.5 71.1 453.5 $4 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shoul indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding CONSOLIDATED STATEMENTS OF EARNINGS uD0 2010 April 29, 2018. and April 30, 2017
Transcribed Image Text:Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 $30,590.0 26,182.0 4,408.0 3,462.8 2017 $27,310.0 22,798.4 Revenues $31,000.0 Cost of sales 26,232.2 Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other 4,767.8 3,633.2 4,511.6 3,416.5 15.3 62.9 14.1 assets (2.6) (18.9) 9.1 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses Earnings before income taxes Income taxes 334.8 318.1 281.3 3,721.0 790.6 3,980.7 3,824.9 583.1 787.1 110.1 111.2 13.2 109.2 68.2 101.2 754.1 582.0 694.6 220.1 534.0 128.5 71.1 453.5 $4 623.5 Net earnings Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers shoul indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding CONSOLIDATED STATEMENTS OF EARNINGS uD0 2010 April 29, 2018. and April 30, 2017
indicated by a minus sign. Round the final ansWers to CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions ofU.S. dollars, except per-share amounts) 2019 2018 2017 2019 2018 2017 Revenues $ 27,310.0 22,798.4 $ 31,000.0 $ 30,590.0 Cost of sales 26,232.2 26, 182.0 % Gross profit 4,767.8 4,408.0 4,511.6 % Operating, selling, administrative, and general expenses 3,633.2 3,462.8 3,416.5 % Restructuring costs 15.3 62.9 14.1 % % (2.6) (18.9) (9.1) % % (Gain) loss on disposal of property and equipment and other assets Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses 334.8 318.1 281.3 % 3,980.7 3,824.9 3,721.0 % 787.1 583.1 790.6 Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 68.2 110.1 13.2 % 101.2 111.2 109.2 % 754.1 582.0 694.6 % Earnings before income taxes 220.1 128.5 71.1 Income taxes $ 534.0 24 453.5 2$ 623.5 Net earnings
Transcribed Image Text:indicated by a minus sign. Round the final ansWers to CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions ofU.S. dollars, except per-share amounts) 2019 2018 2017 2019 2018 2017 Revenues $ 27,310.0 22,798.4 $ 31,000.0 $ 30,590.0 Cost of sales 26,232.2 26, 182.0 % Gross profit 4,767.8 4,408.0 4,511.6 % Operating, selling, administrative, and general expenses 3,633.2 3,462.8 3,416.5 % Restructuring costs 15.3 62.9 14.1 % % (2.6) (18.9) (9.1) % % (Gain) loss on disposal of property and equipment and other assets Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets Total operating expenses 334.8 318.1 281.3 % 3,980.7 3,824.9 3,721.0 % 787.1 583.1 790.6 Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses 68.2 110.1 13.2 % 101.2 111.2 109.2 % 754.1 582.0 694.6 % Earnings before income taxes 220.1 128.5 71.1 Income taxes $ 534.0 24 453.5 2$ 623.5 Net earnings
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