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Assume this is a partial list of financial highlights from a Best Buy annual report: 2017 2016 (dollars in millions) Net sales $ 41,080 $
Assume this is a partial list of financial highlights from a Best Buy annual report:
2017 | 2016 | |||
(dollars in millions) | ||||
Net sales | $ | 41,080 | $ | 35,875 |
Earnings before taxes | 2,301 | 1,318 | ||
Net earnings | 1,388 | 926 | ||
Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.)
Horizontal analysis | Vertical analysis | |||||
2017 | 2016 | Increase | Percent | 2017 | 2016 | |
Net sales | $ | $ | $ | % | % | |
Earnings before taxes | % | % | ||||
Net earnings | % | % | ||||
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