Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Qubec and

Alimentation Couche-Tard Inc. is a leading convenience store operator in Canada, with Couche-Tard stores in Qu̩bec and Mac۪s stores in central and western Canada. It also operates Circle K shops in the United States. Complete the component percentage analysis on the company۪s statement of earnings that follows. Discuss the insights provided by this analysis:

Transcribed Image Text:

CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 29, 2012, April 24, 2011, and April 25, 2010 (in millions of U.S. dollars (Note 2), except per share amounts) 2012 2011 2010 Revenues Cost of sales Gross profit Operating, selling, administrative, and general expenses Depreciation and amortization of property and 22,997.5 20,028.4 2969.1 2.151.7 18,550.4 15.804.7 2.745.7 2,028.9 16,439.6 13,8863 25533 1,906.7 239.8 2,391.5 577.6 213.7 2.242.6 503.1 204.5 2,111.2 442.1 equipment and other assets Operating income Share of earnings of joint venture accounted for using the equity method Net financial (revenues) expenses Earnings before income taxes Income taxes Net eamings 21.6 (4.7) 603.9 146.3 457.6 16.9 29.6 490.4 29.9 412.2 109.3 302.9 369.2