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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
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) Walmart, Inc. Company Starbucks Account 1/31/2015 9/30/2014 s 100% S 16.862 100 % 491,811 -370,577 S % S -7,293 %6 Sales Cost of goods sold Selling, general, and administrative expenses | EBIT S -94,516 %6 S -11,436 %6 S 26.718 s -1,867 %6 Interest expense S -2,337 % S - 10 Taxes S -9,021 S 694 96 Net income S 15,360 % S -1,183 %
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