8500 - Midterm Exam Saved Help Save & Exit 7 Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. 2017 $28, 810.0 24,050.6 4, 759.4 3,601.3 12.6 112.10 8.8 CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of u.s. dollars, except per-share amounts) 2019 2018 Revenues $32,500.0 $32,090.0 Cost of sales 27,501.5 27,465.8 Gross profit 4,998.5 4,624.2 Operating, selling, administrative, and general expenses 3,805.8 3,629.4 Restructuring costs 14.1 61.4 (Gain) loss on disposal of property and equipment and other assets (22.2) (18.6) Depreciation, amortization, and impairment of property and 380.3 362.6 equipment, intangible assets and other assets Total operating expenses 4,178.0 4,034.8 Operating income 820.5 589.4 Share of earnings of joint ventures and associated companies accounted for using the equity method 42.1 86.7 Net financial expenses 100.9 119.9 761.7 565.2 Earnings before income taxes 247.0 150.8 Income taxes $ 514.7 $ 414.4 Net earnings 322.7 3,945.4 814.0 12.9 89.2 737.7 70.8 666.9 $ Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places, Percentages may not add exactly due to rounding.) Activate Window Go to Settings to Prev 4 of 8 Next > 2019 2018 2017 % % % % % % % % % 11:38 % % %) % % % CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 Revenues $ 32,500.0 $ 32,090.0 $ 28,810.0 Cost of sales 27.501.5 27,465.8 24,050.6 Gross profit 4,998.5 4,624.2. 4,759.4 Operating, selling, administrative, and general expenses 3,805.8 3,629.4 3,601.3 Restructuring costs 14.1 61.4 12.6 (Gain) loss on disposal of property and equipment and other assets (22.2) (186) (8.8) Depreciation, amortization, and impairment of property and equipment, 380.3 362.6 322.7 intangible assets and other assets Total operating expenses 4,178.0 4.034.8 3,945.4 820.5 589.4 814.0 Operating income Share of earnings of joint ventures and associated companies accounted 42.1 86.7 12.9 for using the equity method 100.9 Net financial expenses 110.9 892 761.7 565.2 737.7 Earnings before income taxes 247.0 150.8 70.8 Income taxes $ 514.7 414.4 $ 666.9 Net earnings % % % % % % % % % % % % % % % %! % % % % % % % % % $ % % Activate Windows Go to PC settings to activate Winde