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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
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 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) Revenues 2019 $23,000.0 2018 $22,500.0 2017 $19,310.0 Cost of sales 19,464.9 19,337.0 16,121.9 Gross profit 3,535.1 3,253.0 3,188.1 Operating, selling, administrative, and general expenses 2,700.2 2,561.7 2,419.5 Restructuring costs 12.1 58.9 10.1 (Gain) loss on disposal of property and equipment and other assets (21.7) (18.1) 8.3 Depreciation, amortization, and impairment of property and equipment, Intangible assets and other assets 266.8 253.0 214.3 Total operating expenses 2,957.4 2,855,5 Operating income 577.7 397.5 2,652.2 535-9 Share of earnings of joint ventures and associated companies accounted for using the equity method 29.9 61.1 12.4 100.4 110.4 60.0 Net financial expenses Earnings before income taxes 507.2 348.2 488.3 161.0 92.6 70.3 Income taxes $ 346.2 $ 255.6 $ 418.0 Net earnings Required: Using the concept of vertical analysis, 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.) CONSOLIDATED STATEMENTS OF EARNINGS
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