Problem 12-14 (Unit 6) and Question 13-23 Unit #6

Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $ millions) show, Dollar Generals sales revenue was more than double that of Dollar Tree.

Prepare a common-size income statement for each company. (Round answers to 2 decimal places, e.g. 50.12%.)

SEPARATE QUESTION: Question: 13-23 (Please Separate Answer and Label as Question 13-23 - Thank you!)

Kate Petusky prepared Addison Controls balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addisons president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheets and income statement that Petusky prepared, as well as some notes she made:

Using the indirect method, prepare Addison Controls' statement of cash flows for 2013. (If an amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).)

Dollar Dollar Tree General Sales 6,630.5 $14,807.2 Cost of goods sold 4,252.2 10,109.3 2,378.3 Gross profit 4,697.9 3,207.1 Selling, general, & administrative expenses 1,596.2 1,490.8 Net operating income 782.1 Other expense 2.6 265.5 Income before taxes 779.5 1,225.3 458.6 Income tax expense 291.2 $488.3 $766.7 Net income