Question
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: LOADING... .
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:
LOADING...
. 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.)
| Abbreviated Income Statements ($ in Millions) | ||||||
| Company | Walmart, Inc. | Starbucks | ||||
| Account | 1/31/2015 | 9/30/2014 | ||||
| Sales | $491,950 | % | $16,846 |
| % | |
| Cost of goods sold | $-370,421 |
| % | $-7,134 |
| % |
| Selling, general, and administrative expenses | $-94,624 |
| % | $-11,530 |
| % |
| EBIT | $26,905 |
| % | $-1,818 |
| % |
| Interest expense | $-2,304 |
| % | $-23 |
| % |
| Taxes | $-9,102 |
| % | $681 |
| % |
| Net income | $15,499 |
| % | $-1,160 |
| % |
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
9780077862367
