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Ailmentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's 1 2 stores in central and western
Ailmentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's 1 2 stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2619, April 29, 2618, and April 30, 2617 (in millions of U.S. dollars, except per-share amounts) 2919 2918 2917 Revenues $23,998.8 $22,598.9 $19,316.B Cost of sales 19,464.9 19,337.0 16,121.9 Gross profit 3,535.1 3,253.6 3,188.1 eBook Operating, selling, administrative, and general expenses 2,796.2 2,561.7 2,419.5 Restructuring costs 12.1 58.9 16.1 (Gain) loss on disposal of property and equipment and other assets (21.7) (18.1) 8.3 Depreciation, amortization, and impairment of property and 266.8 253.9 214_3 equipment, intangible assets and other assets Total operating expenses 2,957.4 2,855.5 2,652.2 Operating income 577.7 397.5 535.9 Share of earnings of joint ventures and associated companies accounted for using the equity method 29.9 51.1 12.4 Net financial expenses 196.4 119.4 66.6 Earnings before income taxes 597.2 348.2 488.3 Income taxes 161.8 92.6 76.3 Net earnings $ 346.2 $ 255.5 $ 418.8 Required: eBook required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be 1dicated by a minus sign. Round the nal answers to 2 decimal places. Percentages may not add exactly due to rounding.) Revenues $ 23,0000 $ 22,5900 Cost of sales 19,464.9 19,337.0 Gross prot 3,535.1 3,253.0 Operating, selling, administrative, and general expenses 2,700.2 2,561.7 Restructuring costs 12.1 58.9 (Gain) loss on disposal of property and equipment and other assets (21.7) (18.1) Depreciation, amortization, and impairment of property and equipment. 266.8 253.0 intangible assets and other assets Total operating expenses 2,957.4 2,855.5 Operating income 577.7 397.5 Share of earnings of joint ventures and associated companies accounted 29-9 61.1 for using the eqmty method Net nancial expenses 100.4 110.4 Share of eamings of joint ventures and associated companies accounted for using the equity method 29'9 61'1 12'4 Net nancial expenses 100.4 110.4 60.0 Earnings before income taxes 507.2 348.2 488.3 Income taxes 161.0 92.6 70.3 Net earnings $ 346.2 $ 255.6 $ 418.0
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