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Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Inc. (BBY), and Walmart

image text in transcribedimage text in transcribed Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions): 1. Prepare comparative common-sized income statements for each company. Round percentages to on decimal place. If percentages is zero, enter "0". For those boxes in which you must enter subtractive or numbers use a minus sign. (Example: -300) 2. Use the common-sized analysis to compare the financial performance of the three companies. has the highest gross profit and operating income on a percentage basis. has a lower gross profit than on a percentage basis, but generates very strong operating income that is much closer to on a percentage basis. This is onsistent with the company's business strategy, in that it seeks to sell a large quantity of items at a very low nargin. Comparatively, has gross profit similar to on a percentage pasis but much smaller in terms of total dollars. This reflects a decreasing margin on the product mix sold by

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