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Common-size financial statements. Prepare common-size income statements for Walmart and Starbucks using the January 2015 and September 2014 information in the popup window: : Which
Common-size financial statements. Prepare common-size income statements for Walmart and Starbucks using the January 2015 and September 2014 information in the popup window: : Which company is doing a better job of getting sales dollars to net income? Where is the one company having an advantage over the other company in turning revenue into net income? Complete the table below: (Round to two decimal places. Net income to three decimal places.) I to Abbreviated Income Statements ($ in Millions) Company Walmart, Inc. Account 1/31/2015 Sales 491,892 Cost of goods sold -370,558 Selling, general, and administrative expenses -94,566 EBIT 26,768 Interest expense -2,305 Taxes -9,051 Net income $ 15,412C % $ o s Starbucks 9/30/2014 16,746 -7,119 -11,572 -1,945 -29 730 1,244 es to as
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