Following are selected income statement data from two European grocery chain companies: Tesco PLC (UK) and Ahold (the Netherlands). Prepare a common‑size income statement. To do this, express each income statement amount as a percent of sales. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Income Statements Tesco Carrefour Group For Fiscal Year Ended February 24, 2019 December 31, 2018 (£ millions) (€ millions) Sales £57,520 Answer €70,125 Answer Cost of goods sold 53,790 Answer 54,765 Answer Gross profit 3,730 Answer 15,360 Answer Total expenses 2,542 Answer 15,670 Answer Net income £1,188 Answer €(310) Answer b. Following are selected balance sheet data from two European grocery chain companies: Tesco PLC (UK) and Ahold (the Netherlands). Prepare a common‑size balance sheet. To do this, express each balance sheet amount as a percent of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). Tesco Carrefour Group February 24, 2019 December 31, 2018 Balance Sheet (£ millions) (€ millions) Current assets £11,401 Answer €16,803 Answer Long-term assets 32,741 Answer 25,837 Answer Total assets 44,142 Answer 42,640 Answer Current liabilities 18,612 Answer 20,846 Answer Long-term liabilities 12,180 Answer 11,637 Answer Total liabilities 30,792 Answer 32,483 Answer Stockholders’ equity 13,351 Answer 10,157 Answer Total liabilities and equity £44,143 Answer €42,640 Answer
Compare Income Statements and Balance Sheets of Competitors
a. Following are selected income statement data from two European grocery chain companies: Tesco PLC (UK) and Ahold (the Netherlands). Prepare a common‑size income statement. To do this, express each income statement amount as a percent of sales.
Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).
Income Statements | Tesco | Carrefour Group | ||||
---|---|---|---|---|---|---|
For Fiscal Year Ended | February 24, 2019 | December 31, 2018 | ||||
(£ millions) | (€ millions) | |||||
Sales | £57,520 | Answer
|
€70,125 | Answer
|
||
Cost of goods sold | 53,790 | Answer
|
54,765 | Answer
|
||
Gross profit | 3,730 | Answer
|
15,360 | Answer
|
||
Total expenses | 2,542 | Answer
|
15,670 | Answer
|
||
Net income | £1,188 | Answer
|
€(310) | Answer
|
b. Following are selected
Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).
Tesco | Carrefour Group | |||||
---|---|---|---|---|---|---|
February 24, 2019 | December 31, 2018 | |||||
Balance Sheet | (£ millions) | (€ millions) | ||||
Current assets | £11,401 | Answer
|
€16,803 | Answer
|
||
Long-term assets | 32,741 | Answer
|
25,837 | Answer
|
||
Total assets | 44,142 | Answer
|
42,640 | Answer
|
||
Current liabilities | 18,612 | Answer
|
20,846 | Answer
|
||
Long-term liabilities | 12,180 | Answer
|
11,637 | Answer
|
||
Total liabilities | 30,792 | Answer
|
32,483 | Answer
|
||
13,351 | Answer
|
10,157 | Answer
|
|||
Total liabilities and equity | £44,143 | Answer
|
€42,640 | Answer
|
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