Compare Income Statements and Balance Sheets of Competitors a. Following are selected income statement data from two European grocery chain companies: Tesco PLC (UK) and Ahold (the Netherlands). Prepare a commonsize income statement. To do this, express each income statement amount as a percent of sales. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).

Income Statements		Tesco			Carrefour Group
For Fiscal Year Ended		February 24, 2019			December 31, 2018
		( millions)			( millions)
Sales		57,520	Answer		70,125	Answer
Cost of goods sold		53,790	Answer		54,765	Answer
Gross profit		3,730	Answer		15,360	Answer
Total expenses		2,542	Answer		15,670	Answer
Net income		1,188	Answer		(310)	Answer

b. Following are selected balance sheet data from two European grocery chain companies: Tesco PLC (UK) and Ahold (the Netherlands). Prepare a commonsize balance sheet. To do this, express each balance sheet amount as a percent of total assets. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%).

		Tesco			Carrefour Group
		February 24, 2019			December 31, 2018
Balance Sheet		( millions)			( millions)
Current assets		11,401	Answer		16,803	Answer
Long-term assets		32,741	Answer		25,837	Answer
Total assets		44,142	Answer		42,640	Answer
Current liabilities		18,612	Answer		20,846	Answer
Long-term liabilities		12,180	Answer		11,637	Answer
Total liabilities		30,792	Answer		32,483	Answer
Stockholders equity		13,351	Answer		10,157	Answer
Total liabilities and equity		44,143	Answer		42,640	Answer