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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 company

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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 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. Account 1/31/2015 Sales $ 491,974 Cost of goods sold -370,573 Selling, general, and administrative expenses -94,639 EBIT 26,762 Interest expense -2,382 Taxes -9,021 Net income 15,359 Starbucks 9/30/2014 16,723 -7,152 -11,486 -1.915 - -26 718 -1,223

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