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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 $ 491,931 % $ 16,748 % Sales Cost of goods sold Selling, general, and administrative expenses $ % $ -7,121 % -370,554 -94,658 $ % $ - 11,501 % |EBIT $ 26,719 % $ -1,874 % Interest expense $ -2,324 % $ -14 % Taxes $ -9,026 % $ 699 % Net income $ 15,369 % $ -1,189 % 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 $ 491,931 % $ 16,748 % Sales Cost of goods sold Selling, general, and administrative expenses $ % $ -7,121 % -370,554 -94,658 $ % $ - 11,501 % |EBIT $ 26,719 % $ -1,874 % Interest expense $ -2,324 % $ -14 % Taxes $ -9,026 % $ 699 % Net income $ 15,369 % $ -1,189 %
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