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:

Sales Cost of sales Gross profit Selling general, and administrative expenses26,058 Operating expenses Income from operations Amazon Bt Buy Wal-Mart $88,988 $40,339 $485,651 31,292 $26,236 9,047 120,565 7,592 62,752 365,086 93,418 0 27,147 0 $178 1,450