Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $ millions) show, Dollar Generals sales revenue was more than double that of Dollar Tree.

Dollar Tree Dollar General

Sales $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

Net operating income 782.1 1,490.8

Other expense 2.6 265.5

Income before taxes 779.5 1,225.3

Income tax expense 291.2 458.6

Net income $488.3 $766.7

Prepare a common-size income statement for each company. (Round answers to 2 decimal places, e.g. 50.12%.)

Dollar Tree Dollar General

Sales % %

Cost of goods sold % %

Gross profit % %

Selling, general & administrative expenses % %

Net operating income % %

Other expense % %

Income before taxes % %

Income tax expense % %

Net income % %