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Best Buy Wal-Mart Amazon $88,988 Sales $40,339 $485,651 31,292 Cost of sales 62,752 365,086 Gross profit $ 9,047 $26,236 $120,565 Selling, general, and administrative expenses Operating expenses Income from operations 7,592 26,058 93,418 $ 1,450 $ 27,147 2$ 178

Best Buy Wal-Mart Amazon $88,988 Sales $40,339 $485,651 31,292 Cost of sales 62,752 365,086 Gross profit $ 9,047 $26,236 $120,565 Selling, general, and administrative expenses Operating expenses Income from operations 7,592 26,058 93,418 $ 1,450 $ 27,147 2$ 178

FINANCIAL ACCOUNTING
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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The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Wal-Mart Stores, Inc. for a recent fiscal year follow (in millions):

Please see  the attachment for details:

1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place.
2. Use the common-sized analysis to compare the financial performance of
the three companies.

Best Buy Wal-Mart Amazon $88,988 Sales $40,339 $485,651 31,292 Cost of sales 62,752 365,086 Gross profit $ 9,047 $26,236 $120,565 Selling, general, and administrative expenses Operating expenses Income from operations 7,592 26,058 93,418 $ 1,450 $ 27,147 2$ 178
Transcribed Image Text:Best Buy Wal-Mart Amazon $88,988 Sales $40,339 $485,651 31,292 Cost of sales 62,752 365,086 Gross profit $ 9,047 $26,236 $120,565 Selling, general, and administrative expenses Operating expenses Income from operations 7,592 26,058 93,418 $ 1,450 $ 27,147 2$ 178
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