Question
The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Walmart Stores, Inc. for a recent fiscal year follow (in
The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Walmart Stores, Inc. for a recent fiscal year follow (in million): ................................................................................ Amazon Best Buy Walmart Sales...................... $88,988 ........ $40,339 ....... $485,651 Cost of Goods Sold.................. 62,752 ......... 31,292 ........ 365,086 Gross Profit ................... $26,236 ......... $ 9.047 ....... $120,565 Selling, General & Administrative Expenses 26,058 ........ 7,592 ........ 93,418 Other Operating Expenses............ 0 ....... 5 ......... 0 Income From Operations........... $ 178 ........ $ 1,450 ........ $ 27,147 Required: Prepare comparative common-sized income statements for each company. (Round percentages to one decimal place.)Use the common-sized analysis to compare and interpret the financial performance of the three companies.
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