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Which company is doing a better job of getting Common-size financial statements. Prepare common-size income statements for Walmart and Starbucks using the January 2015 and
Which company is doing a better job of getting 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: 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. Starbucks Account 1/31/2015 9/30/2014 Sales 491,899 % $ 16,894 % $ -370,588 % $ -7,157 % Cost of goods sold Selling, general, and administrative expenses $ -94,523 % $ -11,597 % EBIT 26,788 % $ -1,860 % Interest expense -2,258 % $ -13 % $ $ $ $ Taxes -9,076 % $ 693 % Net income 15,454 % $ -1,180 %
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