Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chapter 16 Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co.,

chapter 16 \

Analyze and compare Amazon.com, Best Buy, and Walmart

The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions):

Line Item Description Amazon Best Buy Walmart
Sales $280,522 $43,638 $523,964
Cost of sales (165,536) (33,590) (394,605)
Gross profit $114,986 $10,048 $129,359
Selling, general, and administrative expenses (100,244) (7,998) (108,791)
Operating expenses (201) (41) 0
Operating income $14,541 $2,009 $20,568

Question Content Area

1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place. If percentages is zero, enter "0". For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300)

Comparative Income statements
Line Item Description Amazon Best Buy Walmart
Sales Sales% Sales% Sales%
Cost of sales Cost of sales% Cost of sales% Cost of sales%
Gross profit Gross profit% Gross profit% Gross profit%
Selling, general, and administrative expenses Selling, general, and administrative expenses% Selling, general, and administrative expenses% Selling, general, and administrative expenses%
Operating expenses Operating expenses% Operating expenses% Operating expenses%
Operating income Operating income% Operating income% Operating income%

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

Computerized Accounting Using QuickBooks Pro 2020

Authors: Alvin A. Arens, D. Dewey Ward, Carol J. Borsum

6th Edition

0912503793, 9780912503790

More Books

Students also viewed these Accounting questions

Question

=+ What are the undesirable consequences?

Answered: 1 week ago