The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Wal-Mart Stores,
Question:
The condensed income statements through income from operations for Amazon.com, Inc., Best Buy, Inc., and Wal-Mart Stores, Inc. for a recent fiscal year follow (in millions):
1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place.
2. Use the common-sized analysis to compare the financial performance of the three companies.
Transcribed Image Text:
Amazon Walmart Best Buy $42.879 32,918 Sales $232,887 5514,405 Cost of sales Gross profit Selling, general, and administrative expenses 139,156 $ 93,731 385.301 $129,104 $ 9,961 8,015 81,310 107,147 Other operating expenses 46 Income from operations $ 12,421 $ 1,900 $ 21,957
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Commonsized income statements Amazon Amount of Sales Sales 232887 1000 Cost of sales 139156 597 Gros...View the full answer
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Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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