The condensed income statements through operating income for Apple Inc. 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 Cost of sales Gross prof Selling, general, and administrative expenses Research and development expenses Operating expenses Operating income 233,715 (140,089) $ 93,626 (14,329) 067) (22,396) $ 71,230 40,339 (31,292) $ 9,047 (7,597) $ 7597) $ 1,450