The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Walmart Stores, Inc. for a recent fiscal year follow (in million): ............................................................. Amazon Best Buy Walmart Sales………………………………............…..…. $88,988 ........ $40,339 ...... $485,651 Cost of Goods Sold…………….....…….. 62,752 ......... 31,292 ........ 365,086 Gross Profit ……………………….…...... $26,236 ......... $ 9.047 .... $120,565 Selling, General & Administrative Expenses…... 26,058 ...... 7,592 ....93,418 Other Operating Expenses………..........……….. 0 ....... 5 ......... 0 Income From Operations……………...........…… $ 178 ........ $ 1,450 ........ $ 27,147 Required: Prepare comparative common-sized income statements for each company. (Round percentages to one decimal place.) Use the common-sized analysis to compare and interpret the financial performance of the three companies.
The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Walmart Stores, Inc. for a recent fiscal year follow (in million):
............................................................. Amazon Best Buy Walmart
Sales………………………………............…..…. $88,988 ........ $40,339 ...... $485,651
Cost of Goods Sold…………….....…….. 62,752 ......... 31,292 ........ 365,086
Gross Profit ……………………….…...... $26,236 ......... $ 9.047 .... $120,565
Selling, General & Administrative Expenses…... 26,058 ...... 7,592 ....93,418
Other Operating Expenses………..........……….. 0 ....... 5 ......... 0
Income From Operations……………...........…… $ 178 ........ $ 1,450 ........ $ 27,147
Required:
- Prepare comparative common-sized income statements for each company. (Round percentages to one decimal place.)
- Use the common-sized analysis to compare and interpret the financial performance of the three companies.
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