Solution-Prepare comparative common- sized income statements

Prepare comparative common- sized income statements

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Reference no: EM133108931

Question - The condensed income statements through operating income for Apple Inc. and Best Buy Co. Inc. are reproduced below for recent fiscal years (numbers in millions of dollars).

	Apple	Best Buy
Sales	$229,234	$39,403
Cost of Sales	(141,048)	(29,963)
Gross profit	$88,186	$9,440
Selling, general and administrative expenses	(15,261)	(7,586)
Research and development expenses	(11,581)	0
Operating expenses	$(26,842)	$(7,586)
Operating Income	$61,344	$1,854

Required - Prepare comparative common- sized income statements, rounding percents to 1 decimal place. Interpret the analyses by commenting on comparisons of operating income, operating expenses, gross profit, cost of sales and sales.

Reference no: EM133108931

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Prepare comparative common- sized income statements

Reference no: EM133108931

Reference no: EM133108931

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