P14-7 (similar to) 8 Question Help 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: E. 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.) A A Abbreviated Income Statements ($ in Millions) Company Walmart, Inc. Account 1/31/2015 Sales 491,966 Cost of goods sold -370,488 Selling, general, and administrative expenses -94.650 EBIT 26,828 Interest expense -2,314 Taxes -9,070 Net income 15,444 % % A Starbucks 9/30/2014 16,824 -7,267 -11,558 -2,001 -28 751 -1,278 | A Enter any number in the edit fields and then click Check Answer. Abbreviated Income Statements ($ in Millions) Company Starbucks Account 9/30/2014 A ? A Sales Cost of goods sold Selling, general, and administrative expenses 16,824 -7,267) -11,558 A Walmart, Inc. 1/31/2015 491,966 -370,488 -94,650 26,828 -2,314 -9,070 A EBIT A A -2,001 Interest expense A A -28 751 Taxes Net income 15,444 ? $ -1,278 Right click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup Falana boy and caloocanin order to acto ite oontonte intocoroadehoot P14-7 (similar to) 8 Question Help 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: E. 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.) A A Abbreviated Income Statements ($ in Millions) Company Walmart, Inc. Account 1/31/2015 Sales 491,966 Cost of goods sold -370,488 Selling, general, and administrative expenses -94.650 EBIT 26,828 Interest expense -2,314 Taxes -9,070 Net income 15,444 % % A Starbucks 9/30/2014 16,824 -7,267 -11,558 -2,001 -28 751 -1,278 | A Enter any number in the edit fields and then click Check Answer. Abbreviated Income Statements ($ in Millions) Company Starbucks Account 9/30/2014 A ? A Sales Cost of goods sold Selling, general, and administrative expenses 16,824 -7,267) -11,558 A Walmart, Inc. 1/31/2015 491,966 -370,488 -94,650 26,828 -2,314 -9,070 A EBIT A A -2,001 Interest expense A A -28 751 Taxes Net income 15,444 ? $ -1,278 Right click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup Falana boy and caloocanin order to acto ite oontonte intocoroadehoot