Lowe€™s is a leading retailer in the home improvement field. Complete the component percentage analysis on the company€™s income statement that follows. Discuss any insights provided by thisanalysis.

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Consolidated Statements of Earnings (in millions, except per share and percentage data) Fiscal Years Ended on January 30, February 1, February 2, % Sales %% Sales % Sales 2009 2008 2007 $48,230 31,729 16,501 Net sales Cost of sales Gross margin Expenses: Selling, general, and administrative Store opening costs Depreciation Interest (net) $46,927 $48,283 100.00% 100.00% 100.00% 31,556 16,727 30,729 16,198 11,074 10,515 9,738 102 141 146 1,539 1,366 1,162 280 194 154 Total expenses Pre-tax earnings Income tax provision Net earnings 11,200 4,998 1,893 12,995 12,216 3,506 4,511 1,311 1,702 $ 2,195 $ 3,105 $ 2,809