on the company\'s income statement that follows. (Enter your answor as a percent
ID: 2519888 • Letter: O
Question
on the company's income statement that follows. (Enter your answor as a percentage rounded to 2 decimal place (i.e. 0.1234 should be entered as 12.34).) LOWE'S COMPANIES, INC Consolidated Statements of Earnings (in millions, except per share and percentage data) Fiscal Years Ended on February 3, 2012 % Sales January 28, Net sales Cost of sales $ 48,230 31,733 100 00% $ 48,291 31,571 100.00%|$ 46,943| 100.00 65.38 34.62 65.80 16,49734206,720 3462 8,18 34.50 30,747 16,196 Selling, general, and administrative 11,08322.99 Depreciation 0,525 1,384 197 12,106 4,614 1,708 526%|$ 2,906 9,741 1,553 281 12,917 3,580 1,314 $2.266 3.22 2.50 t-net 26.21 7.99 2.73 156 11,071 5,125 1,908 346296|$ 3,217| 2.93 31.57 0 34.62 tax provision 27.52% References eBook & ResourcesExplanation / Answer
LOWES COMPANIES, INC Consoldated Statement of Earnnings Feb 3 2012 % sales Jan28 2011 % sales Jan 29 2010 % sales Net Sales 48230 100.00% 48921 100.0% 46943 100.00% Cost of Sales 31733 65.80% 31571 64.5% 30747 65.50% Gross margin 16497 34.20% 16720 34.2% 16196 34.50% Expense Selling,general and admin 11083 22.98% 10525 21.5% 9741 20.75% Depreciation 1553 3.22% 1384 2.8% 1174 2.50% Interest 281 0.58% 197 0.4% 156 0.33% Total Expense 12917 26.78% 12106 24.7% 11071 23.58% Pre tax earrnings 3580 7.42% 4614 9.4% 5125 10.92% Income Tax Provision 1314 2.72% 1708 3.5% 1908 4.06% Net araanings 2266 4.70% 2906 5.9% 3217 6.85%
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.