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request to respond ASAP 2017 Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in
request to respond ASAP
2017 Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Quebec and Mac's stores in central and western Canada. It also operates Circle K shops in the United States. CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 Revenues 2018 $ 26,000.0 Cost of sales $25,590.0 $22,310.0 22,016.8 21,917.8 18,637.8 Gross profit 3,983.2 3,672.2 3,672.2 Operating, selling, administrative, and general expenses 3,042.0 2,891.7 2,786.5 Restructuring costs 18.1 66.4 17.6 (Gain) loss on disposal of property and equipment and other assets (3.3) (19.6) Depreciation, amortization, and impairment of property and 299.0 284.0 245.4 equipment, intangible assets and other assets Total operating expenses 3,355.8 3,222.5 3,059.3 Operating income 627.4 449.7 612.9 Share of earnings of joint ventures and associated companies 13.0 accounted for using the equity method 48.7 13.9 Net financial expenses 101.9 111.9 538.5 Earnings before income taxes 386.5 200.2 Income taxes 122.8 71.8 338.3 263.7 $ Net earnings 51.4 575.4 503.6 Required: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding.) Requirea: Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding.) 2019 2018 2017 9 25 CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per share amounts) 2019 2018 2017 Revenues $ 26,000.00 $ 25,590,0 $ 22,310.0 Cost of sales 22,016,8 21,917.8 18,6378 Gross profit 3,983 2 3,672 2 3,6722 Operating, selling, administrative, and general expenses 3,0420 2.8917 2,786.5 Restructuring costs 18.1 66.4 17.6 (Gain) loss on disposal of property and equipment and other assets (33) (196) (9.8) Depreciation, amortization, and impairment of property and equipment, 299.0 284.0 245.4 intangible assets and other assets Total operating expenses 3,355 8 3,2225 3,059.3 Operating income 627 4 449.7 6129 Share of earnings of joint ventures and associated companies accounted 13.0 487 13.9 for using the equity method 1019 111.9 51.4 Net financial expenses 5385 386.5 575 4 Earnings before income taxes 2002 71.8 Income taxes $ 338 35 263.7 $ 503.6 Net earnings TEET 1228 1941 Step by Step Solution
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