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 Mac's stores in central and western Canada.

 

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 and Ingo automated fuel sites in Sweden and Denmark. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 24, 2022, April 25, 2021, and April 28, 2020 (in millions of U.S. dollars) 2022 Revenues $ Cost of sales 28,000 23,699.2 2021 $27,590.0 2020 23,619.8 $ 24,310.0 20,298.9 Gross profit 4,300.8 3,970.2 Operating, selling, administrative, and general expenses (Gain) loss on disposal of property and equipment and other 3,304.0 3,145.3 assets (3.2) (19.5) Depreciation, amortization, and impairment 299.6 Total operating expenses Operating income 3,600.4 700.4 284.2 3,410.01 Share of earnings of joint ventures and associated companies 25.2 560.2 63.4 4,011.1 3,060.6 (9.7) 248.0 3,318.3 692.8 13.9 Net financial expenses 101.8 111.8 65.6 Earnings before income taxes 623.8 511.8 641.1 Income taxes 212.8 129.7 71.7 Net earnings $ 411.0 $ 382.1 $ 569.4 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.) CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2022, April 29, 2021, and April 30, 2020 (in millions of U.S. dollars) Revenues Cost of sales Gross profit 2022 2021 2020 2022 2021 2020 $ 28,000.0 $ 23,699.2 4,300.8 27,590.0 $ 24,310.0 23,619.8 3,970.2 % 20,298.9 % % 4,011.1 % %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Acquisition cost of the machine Purchase price 24000 Sales tax 5 of the purchase price 1200 Cost of specially wired platform 1800 Acquisition cost o... blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

5th Canadian edition

9781259105692, 978-1259103285

More Books

Students also viewed these Accounting questions

Question

=+b) What do you conclude?

Answered: 1 week ago