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Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be indicated by a minus sign. Round the
Complete the component percentage analysis on the company's statement of earnings that follows. (Negative answers should be indicated by a minus sign. Round the final answers to 2 decimal places. Percentages may not add exactly due to rounding.) Revenues Cost of sales CONSOLIDATED STATEMENTS OF EARNINGS For the years ended April 28, 2019, April 29, 2018, and April 30, 2017 (in millions of U.S. dollars, except per-share amounts) 2019 2018 2017 $ 30,500.0 $ 30,090.0 $ 26,810.0 2019 2018 2017 % % 25,796.9 25,742.0 22,370.3 % % Gross profit Operating, selling, administrative, and general expenses Restructuring costs (Gain) loss on disposal of property and equipment and other assets Depreciation, amortization, and impairment of property and equipment, intangible assets and other assets 4.703.1 4.348.0 4,439.7 % % 3,602.1 3,433.3 3,378.1 % % 15.7 63.4 14.6 % % (2.7) (19.0) 9.2 % % % 332.5 315.9 278.8 % % % Total operating expenses 3.947.6 3,793.6 3.680.7 % % % Operating income 755.5 554.4 759.0 % % % Share of earnings of joint ventures and associated companies accounted for using the equity method 48.7 90 2 13.3 % % % Net financial expenses 101.3 111.3 91.1 % % 96 Earnings before income taxes 702 9 533.3 681.2 % % % Income taxes 213.5 123.4 712 % % % Net earnings S 489.4 S 409.9 $ 610.0 96 96 96 27
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Step: 1
To calculate the component percentage analysis for the consolidated statements of earnings we can use the following formula Component Percentage Compo...Get Instant Access to Expert-Tailored Solutions
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Step: 2
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