Solution-Prepare comparative common-sized income statements

Prepare comparative common-sized income statements

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Reference no: EM133076127

Question - The condensed income statements through income from operations for Amazon, Inc., Best Buy, Inc., and Walmart Stores, Inc. for a recent fiscal year follow (in millions):

	Amazon	Best Buy	Walmart
Sales	$88,988	$40,339	$485,651
Cost of Goods Sold	62,752	31,292	365,086
Gross Profit	$26,236	$9,047	$120,565
Selling, General & Administrative Expenses	26,058	7,592	93,418
Other Operating Expenses	0	5	0
Income from Operations	178	$1,450	$27,147

Required -

1. Prepare comparative common-sized income statements for each company.

2. Use the common-sized analysis to compare and interpret the financial performance of the three companies.

Reference no: EM133076127

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Prepare comparative common-sized income statements

Reference no: EM133076127

Reference no: EM133076127

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