Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Macs 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 Macs 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)
2019 2018 2017
Revenues $ 27,000.0 $ 26,590.0 $ 23,310.0
Cost of sales 22,871.7 22,782.3 19,480.2
Gross profit 4,128.3 3,807.7 3,829.8
Operating, selling, administrative, and general expenses 3,183.3 3,028.6 2,932.4
Restructuring costs 13.7 60.9 12.1
(Gain) loss on disposal of property and equipment and other assets (22.1 ) (18.5 ) 8.7
Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets 286.2 271.2 235.4
Total operating expenses 3,461.1 3,342.2 3,188.6
Operating income 667.2 465.5 641.2
Share of earnings of joint ventures and associated companies accounted for using the equity method 5.4 42.6 12.8
Net financial expenses 100.8 110.8 46.6
Earnings before income taxes 571.8 397.3 607.4
Income taxes 202.5 122.3 70.7
Net earnings $ 369.3 $ 275.0 $ 536.7

Required:

Complete the component percentage analysis on the companys 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions

Question

Summarize the impact of stress on physical well-being.

Answered: 1 week ago