Do not give answer in image Analyze and compare Amazon.com, Best Buy, and WalmartThe condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions):AmazonBest BuyWalmart$280,522 $43,638 $523,964(165,536) (33,590) (394,605)$114,986 $10,048 $129,359(100,244) (7,998) (108,791)(201)(41)$2,009$14,541SalesCost of salesGross profitSelling, general, and administrative expensesOperating expensesOperating incomeSales1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place. If percentages is zero, enter "0". For those boxes in which you must enter subtractiveor negative numbers use a minus sign. (Example: -300)Comparative Income statementsLine Item DescriptionCost of salesGross profitSelling, general, and administrative expensesOperating expensesOperating incomeAmazon Best Buy%%%%%%%%%%%%Walmart%%%%%0%$20,568

VERTICAL ANALYSISA common-size statement is a type of financial statement evaluation and…

Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions): Amazon Best Buy Walmart $280,522 $43,638 $523,964 (165,536) (33,590) (394,605) $114,986 $10,048 $129,359 (100,244) (201) $14,541 (7,998) (108,791) (41) 0 $2,009 $20,568 Sales Cost of sales Gross profit Selling, general, and administrative expenses Operating expenses Operating income 1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place. If percentages is zero, enter "0". For those boxes in which you must enter sub or negative numbers use a minus sign. (Example: -300) Comparative Income statements Line Item Description Sales Cost of sales Gross profit Selling, general, and administrative expenses Operating expenses Operating income Amazon Best Buy Walmart % % % % % % % % % % % % % % % % % %

Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions): Amazon Best Buy Walmart $280,522 $43,638 $523,964 (165,536) (33,590) (394,605) $114,986 $10,048 $129,359 (100,244) (201) $14,541 (7,998) (108,791) (41) 0 $2,009 $20,568 Sales Cost of sales Gross profit Selling, general, and administrative expenses Operating expenses Operating income 1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place. If percentages is zero, enter "0". For those boxes in which you must enter sub or negative numbers use a minus sign. (Example: -300) Comparative Income statements Line Item Description Sales Cost of sales Gross profit Selling, general, and administrative expenses Operating expenses Operating income Amazon Best Buy Walmart % % % % % % % % % % % % % % % % % %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 1MAD

See similar textbooks

Similar questions

The condensed income statements through income from operations for Dell Inc. and Apple Inc. for recent fiscal years follow (numbers in millions of dollars): Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Analyze and compare Amazon.com, Best Buy, and Walmart The condensed income statements through operating income for Amazon.com, Inc. (AMZN), Best Buy Co., Inc. (BBY), and Walmart Inc. (WMT) for a recent fiscal year follow (in millions): Line Item Description Amazon Best Buy Walmart Sales $280,522 $43,638 $523,964 Cost of sales (165,536) (33,590) (394,605) Gross profit $114,986 $10,048 $129,359 Selling, general, and administrative expenses (100,244) (7,998) (108,791) Operating expenses (201) (41) 0 Operating income $14,541 $2,009 $20,568 Question Content Area 1. Prepare comparative common-sized income statements for each company. Round percentages to one decimal place. If percentages is zero, enter "0". For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Comparative Income statements Line Item Description Amazon Best Buy Walmart Sales Sales% Sales% Sales% Cost of sales Cost of sales% Cost of…
Tamarisk, Inc. has the following Income Statement (in millions): TAMARISK, INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $174 Cost of Goods Sold 101 Gross Profit 73 Operating Expenses 40 Net Income $ 33 Using vertical analysis, what percentage is assigned to net sales?
Metlock, Inc. has the following Income Statement (in millions): METLOCK, INC. Income Statement For the Year Ended December 31, 2023 Net Sales $178 Cost of Goods Sold 119 Gross Profit 59 Operating Expenses 40 Net Income $ 19 Using vertical analysis, what percentage is assigned to net sales? 100% 50% Can't be computed 150%
The preliminary 2018 income statement of Alexian Systems, Inc., is presented below:ALEXIAN SYSTEMS, INC.Income StatementFor the Year Ended December 31, 2018($ in millions, except earnings per share)Revenues and gains:Net sales $ 425Interest 3Other income 126Total revenues and gains 554Expenses:Cost of goods sold 270Selling and administrative 154Income taxes 52Total expenses 476Net Income $ 78Earnings per share $3.90Additional Information:1. Selling and administrative expenses include $26 million in restructuring costs.2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $6 million is from the gain onsale of investments.3. Cost of goods sold was increased by $5 million to correct an error in the calculation of 2017’s ending inventory. The amount is material.Required:For each of the three additional facts listed in the additional information, discuss the…
Prepare a vertical analysis of the income statement shown below. (Round to two decimal places.) Buckner, Inc. Income Statement For the Year Ended December 31, 2019 Net Sales $7,000 Cost of Goods Sold 3,800 Gross Profit 3,200 Operating Expenses: Selling Expenses 950 Administrative Expenses 670 Total Operating Expenses 1,620 Operating Income 1,580 Other Income and (Expenses): Interest Expense (750) Total Other Income and (Expenses)…
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 $4,750.0 3.300.3 85.3 75.1 1,150.0 2,850.0 900.2 2021 $5,500.6 3,700.6 110.1 102.2 1.250.0 3,250.1 1.120.7
Concord, Inc. has the following Income Statement (in millions): CONCORD, INC. Income Statement For the Year Ended December 31, 2026 Net Sales $145 Cost of Goods Sold 87 Gross Profit Operating Expenses Net Income 58 O 66.7% 40.0% 100.0% 60.0% 39 $19 Using vertical analysis, what percentage is assigned to gross profit?
Fill in thr blanks on the table below and show the formulas used for each value Dayton, Inc. Annual Income Statement (Values in Millions) Common Size 2019 2018 2019 2018 Sales $ 178,909 $ 187,510 100.0% 100.0% Cost of Sales 111,631 59.5% Gross Operating Profit $ 75,879 40.5% Selling, General & Admin. Expense 12,900 6.9% Other Expenses 33,377 17.8% EBITDA $ 29,602 15.8% Depreciation & Amortization 7,944 4.2% EBIT $ 21,658 11.6% Other Income, Net 3,323 1.8% Earnings Before Interest and Taxes $ 24,981 13.3% Interest Expense 293 0.2% Earnings Before Taxes $ 24,688 13.2% Income Taxes 5,184 0.21 tax rate Net Income Available to Common $ 19,504 10.4% Dividends per share $ 1.15 $ 0.91 EPS…
Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages %(b)Asset turnoverenter the asset turnover in times times(c)Return on assetsenter the return on assets in percentages %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages %
Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity a. b. C. d. e. Profit margin Asset turnover Return on assets 2025 $5,050.3 Gross profit rate 3,700.7 65.1 65.0 1.250.1 Compute the following ratios for 2025. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) 2,950.1 940.6 Return on common stockholders' equity 2024 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5 % times % % %