Question Details

Answered: - Dollar Tree Stores, Inc. , and Dollar General Corporation


Dollar Tree Stores, Inc., and
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 Tree

 

Sales

 


 

Dollar

 

General

 


 

$6,630.5

 


 

$14,807.2

 


 

Cost of goods sold

 


 

4,252.2

 


 

10,109.3

 


 

Gross profit

 


 

2,378.3

 


 

4,697.9

 


 

Selling, general, & administrative expenses

 


 

1,596.2

 


 

3,207.1

 


 

782.1

 


 

1,490.8

 


 

2.6

 


 

265.5

 


 

Income before taxes

 


 

779.5

 


 

1,225.3

 


 

Income tax expense

 


 

291.2

 


 

458.6

 


 

$488.3

 


 

$766.7

 


 

Net operating income

 

Other expense

 


 

Net income

 


 

Prepare a common-size income statement for each company. (Round answers to 2 decimal

 

places, e.g. 50.12%.)

 

Dollar Tree

 


 

Sales

 

Cost of goods sold

 

Gross profit

 

Selling, general & administrative

 

expenses

 

Net operating income

 

Other expense

 

Income before taxes

 

Income tax expense

 

Net income

 


 

Dollar

 

General

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

%

 


 

 


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