Question: View Policies Current Attempt in Progress Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $millions)

 View Policies Current Attempt in Progress Dollar Tree Stores, Inc., and

View Policies Current Attempt in Progress Dollar Tree Stores, Inc., and Dollar General Corporation are both discount retailers. As their adapted income statements (in $millions) show, Dollar General's sales revenue was more than double that of Dollar Tree. Dollar Dollar Tree General $6,630.5 $14,807.2 Sales 10,109.3 Cost of goods sold 4,252.2 Gross profit 2,378.3 4,697.9 Selling, general, & administrative expenses Net operating income 1,596.2 3,207.1 782.1 1,490.8 Other expense 2.6 265.5 Income before taxes 779.5 1,225.3 Incorme tax expense 291.2 458.6 Net income $488.3 $766.7 (a) Prepare a common-size income statement for each company. (Round answers to 1 decimal place, eg. 50.1%.) Dollar Tree Dollar General Sales Cost of goods sold Gross profit Selling, general & administrative expenses Net operating income Other expense Income before taxes Income tax expense Net income

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