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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) Walmart, Inc. Company Starbucks Account 1/31/2015 9/30/2014 Sales $ 491,873 % $ 16,781 % $ -370,439 % $ -7,208 % Cost of goods sold Selling, general, and administrative expenses $ -94,561 $ -11,454 % % % |EBIT $ $ -1,881 % 26,873 -2,352 Interest expense $ % $ -13 % Taxes $ % $ 701 % -9,073 15,448 Net income $ % $ -1,193 %
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