The condensed income statements through operating income for apple inc. (aPPL) and Best Buy Co. inc. (BBY) are reproduced below for recent fiscal years (numbers in millions of dollars).

Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.

Transcribed Image Text:

Apple Best Buy Sales $ 229,234 $ 39,403 Cost of sales (141,048) (29,963) Gross profit $ 88,186 $ 9,440 Selling, general, and administrative expenses Research and development expenses (15,261) (7,586) (11,581) $ (26,842) Operating expenses Operating income $ (7,586) $ 1,854 $61,344