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):

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.

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 Income From Operations. $178..$1,450...$27,147