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Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 pts P14-7 (similar to) Question Help Common-size financial statements.
Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 6 pts 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: 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) Company Walmart, Inc. Account 1/31/2015 Sales 491,825 100 % Cost of goods sold -370,431 | 75.32 % $ Selling, general, and administrative expenses -94,655 EBIT 26,739 Interest expense -2,327 Taxes -9,032 Net income $ 15,380 % $ Starbucks 9/30/2014 16,711 | 100% -7,151 42.79 % - 11,439 -1,879 1 -14 700 -1,193
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