The financial statements of Jean Coutu are presented in Appendix B following the financial statements for Shoppers

Question:

The financial statements of Jean Coutu are presented in Appendix B following the financial statements for Shoppers Drug Mart in Appendix A.

Instructions

(a) Determine the following values for each company as follows:

1. Percentage change in sales revenue for Jean Coutu and for Shoppers for the most recent year shown.

2. Percentage change in operating income for the most recent year shown.

3. Gross profit margin.

4. Profit margin.

(b) What conclusions about the relative profitability of the two companies can be drawn from these data?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...