2019 Common SWE 18,888 1,089 19,974 12,140 1. Prepare a vertical analysis for 2019 similar to 3 column of Exhibit 14-2 on page 577 KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF INCOME Dollars in Millions, Except per Share Data Net sales Other revenue Total revenue Cost of merchandise sold Operating expenses Selling, general and administrative Depreciation and amortization Impairments store closing and other costs Operating income Interest expense, net (Gain) loss on extinguishment of debt Income before income taxes Provision for income taxes Net income 5,705 917 113 1,099 207 901 210 691 2. Use horizontal analysis to compute the percentage increase from fiscal year 2018 to 2019 similar to columns 6 and 7 of Ex. 14-2 KOHL'S CORPORATION CONSOLIDATED STATEMENTS OF INCOME Dollars in Millions, Except per Share Data) 2019 Net sales 2018 Change Change 18.886 S 19,167 S Other revenue 1,089 1,062 Total revenue 19.974 20,229 Cost of merchandise sold 12.140 12. 199 Operating expenses Selling general and administrative 5,706 5,601 Depreciation and amortization 917 984 Impairments, store closing and other costs 113 104 Operating income 1,099 1,361 Interest expense, net 207 256 (Gain) loss on extinguishment of debt (9) 63 Income before income taxes 901 1,042 Provision for income taxes 210 Net income 691 S 801 $ 241