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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.... 5 Income From Operations....... $ 178 $ 1,450 ......... $ 27,147 Required: 1. Prepare comparative common-sized income statements for each company. (Round percentages to one decimal place.) 2. Use the common-sized analysis to compare and interpret the financial performance of the three companies
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