Compute the ratios for the current and past year for Dollar Tree In. on the Ratio and Comments worksheet. Dollar Tree, Inc. Common Size Income StatementTotal revenueCost of salesSelling, general and administrative expensesOperating incomeInterest expense, netOther expense, netIncome before income taxesProvision for income taxesNet income12 Months EndedJan. 28, 202328,331.719,396.36,699.12,236.3125.30.42,110.6495.2$ 1,615.4Jan. 29, 2022 Jan. 30, 202126,321.218,583.95,925.91,811.4178.90.31,632.2304.3$ 1,327.925,509.317,7215,900.41,887.9147.30.81,739.8397.9$ 1,341.9Jan. 28, 2023PercentagesJan. 29, 2022 Jan. 30, 2021a. Review the vertical analysis and provide the two largest expenses for the current year. Explain the trend over the three years for these two expenses and discuss how these costs affects net earnings.b. Discuss the fluctuations in interest expense. What are reasons that could cause changes in interest expense? You need to provide specific causes for the applicable company that relates specifically to the interest expense.c. Discuss the fluctuations in income tax expense. What are reasons that could cause changes in income tax expense? You need to provide specific causes for the applicable company that relates specifically to the income tax expense.d. Was the company more or less profitable when compared to the prior year? Using the specific income statement ratios or amounts, explain what caused the change in income from the prior year.

Common size statements are used for the analysis of financial statements. The Common Size Income…

Answered: Compute the ratios for the current and…

Business

Accounting

Compute the ratios for the current and past year for Dollar Tree In. on the Ratio and Comments worksheet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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