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Problem 12-14 Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in millions) show, Dollar General's sales
Problem 12-14 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 General Dollar Tree $6,630.5 4,252.2 2,378.3 1,596.2 782.1 2.6 779.5 291.2 $488.3 $14,807.2 10,109.3 4,697.9 3,207.1 1,490.8 265.5 1,225.3 458.6 $766.7 Sales Cost of goods sold Gross profit Selling, general, & administrative expenses Net operating income Other expense Income before taxes Income tax expense Net income Prepare a common-size income statement for each company. (Round answers to 1 decimal place, eg. 50.1%.) Dollar Tree Dollar Genera Sales Cost of goods sold Gross profit Selling, general & administrative expenses Net operating income Other expense Income before taxes Income tax expense Net income Click if you would like to Show Work for this
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