P14-7 (similar to) 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: B. 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 Sales $ $ A Cost of goods sold Selling, general, and administrative expenses -11,5121 1/31/2015 491,932L 100% -370.511|| 75.36% -94,679| 19.27 % 26,742 5.37% -2,223 0.50 % -9,072 1.80 % 15,447|| 3.066% 9/30/2014 16,863 1 00% -7,247| 43.92 % 69.75 % -1,896 -13.67 % 0.19% 71111 -5.13 % -1,211 -8.733 % A EBIT Interest expense -26 A Taxes Net income $ Abbreviated Income Statements ($ in Millions) Company Walmart, Inc. Starbucks 9/30/2014 Account 1/31/2015 Sales 491,932 16,863 Cost of goods sold -370,511 -7,247 Selling, general, and administrative expenses -94,679 -11,512 |EBIT 26,742 -1,896 Interest expense -2,223 Taxes -9,072 711 Net income 15,447 ? $ -1,211 Right click on the table and select Copy to Clipboard and then right-click the highlighted texts in the popup Dialogue box and select Copy in order to paste its contents into a spreadsheet. |