Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

bled: MH Lab L Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in

image text in transcribed

bled: MH Lab L 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 Cost of sales Gross profit Operating, selling, administrative, and general expenses Restructuring costs 2019 $30,500.0 25,796.9 2018 $30,090.0 2017 $26,810.0 25,742.0 22,370.3 4,703.1 4,348.0 4,439.7 3,602.1 3,433.3 3,378.1 15.7 63.4 14.6 (Gain) loss on disposal of property and equipment and other assets (2.7) (19.0) 9.2 Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets 332.5 315.9 278.8 Total operating expenses Operating income Share of earnings of joint ventures and associated companies accounted for using the equity method Net financial expenses Earnings before income taxes Income taxes Net earnings 3,947.6 755.5 3,793.6 554.4 3,680.7 759.0 48.7 90.2 13.3 101.3 111.3 91.1 702.9 213.5 533.3 123.4 681.2 71.2 $ 489.4 $ 409.9 $ 610.0 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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

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

Financial Accounting Tools for business decision making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

6th Edition

978-1119191674, 047053477X, 111919167X, 978-0470534779

More Books

Students also viewed these Accounting questions

Question

26. Why is there sometimes difficulty with the MRP system?

Answered: 1 week ago