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Dollar Tree Stores, Inc. , and Dollar General Corporation are both discount retailers. As their adapted income statements (in $ millions) show, Dollar General?s sales
Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $ millions) show, Dollar General?s sales revenue was more than double that of Dollar Tree. See and Complete Attachment
Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $ millions) show, Dollar General's sales revenue was more than double that of Dollar Tree. Dollar Tree Sales Dollar General $6,630.5 $14,807.2 Cost of goods sold 4,252.2 10,109.3 Gross profit 2,378.3 4,697.9 Selling, general, & administrative expenses 1,596.2 3,207.1 782.1 1,490.8 2.6 265.5 Income before taxes 779.5 1,225.3 Income tax expense 291.2 458.6 $488.3 $766.7 Net operating income Other expense Net income Prepare a common-size income statement for each company. (Round answers to 2 decimal places, e.g. 50.12%.) Dollar Tree Sales Cost of goods sold Gross profit Selling, general & administrative expenses Net operating income Other expense Income before taxes Income tax expense Net income Dollar General % % % % % % % % % % % % % % % % % %Step by Step Solution
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