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23) Prepare common-size income statements for Wal-Mart and Starbucks using the January 2014 information for Walmart and your new pro forma September 2013 information for
23) Prepare common-size income statements for Wal-Mart and Starbucks using the January 2014 information for Walmart and your new pro forma September 2013 information for Starbucks provided in Problems 5 and 6.Which company is doing a better job of getting sales dollars to net income? Where is the one company having an advantage over the other company-i turning revenue into net income? Wal-Mart Jan. 31, 2013 S476,294 S358,069 S91,763 S26,462 S2,335 S8,105 Starbucks 30, 2013 Sales COGS SG&A EBIT Interest Taxes Net Income S16,022 S14,892 S6,382 S5,929 S2,581 S28 S945 S1,608
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