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Complete a vertical and horizontal analysis on both the income statement and balance sheet. use total assets on the balance sheet and net sales on
Complete a vertical and horizontal analysis on both the income statement and balance sheet. use total assets on the balance sheet and net sales on the income statement for your vertical analysis.
Styles Consolidated Statements of 12 Months Ended Earnings (USD $) In Millions, except Per Share data, unless otherwise specified Income Statement (Abstract] NET SALES Cost of Sales Vertical Vertical Horizontal Feb. 01, 2015 Feb. 02, 2014 Analysis Analysis Analysis $83,176 54,222 $78,812 51,422 GROSS PROFIT Operating Expenses: Selling, General and Administrative Depreciation and Amortization Total Operating Expenses 28,954 27,390 16,834 1,651 16,597 1,627 18,485 18,224 OPERATING INCOME 10,469 9,166 Interest and Other (Income) Expense: Interest and Investment Income Interest Expense Other Interest and Other, net -337 -12 830 711 0 493 699 EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,976 3,631 $6,345 8,467 Provision for Income Taxes 3,082 NET EARNINGS $5,385 Weighted Average Common Shares 1,338 $4.74 1,425 BASIC EARNINGS PER SHARE $3.78 Diluted Weighted Average Common Shares 1,346 1,434 $3.76 DILUTED EARNINGS PER SHARE $4.71 [1] Fiscal years ended FebruaryA 1, 2015 and FebruaryA 2, 2014 include 52A weeks. Fiscal year ended FebruaryA 3, 2013 includes 53 weeks. -sign Layout NCYIC Feb. 01, Feb. 01, Consolidated Balance Sheets (USD $) Horizontal Analysis Vertical Analysis Vertical Analysis 2014 In Millions, unless otherwise specified Current Assets: Cash and Cash Equivalents Receivables, net 2015 $1,929 $1,723 1,398 11,057 1,484 Merchandise Inventories 11,079 Other Current Assets 895 1,016 15,279 39,064 15,302 Total Current Assets Property and Equipment, at cost Less Accumulated Depreciation and 38,513 15,793 15,716 Amortization 23,348 22,720 Net Property and Equipment 1,353 1,289 Goodwill 571 602 Other Assets 40,518 Total Assets 39,946 Current Liabilities: 290 0 Short-Term Debt Accounts Payable Accrued Salaries and Related Expenses 5,807 5,797 1,391 1,428 Sales Taxes Payable 434 396 Deferred Revenue 1,337 1,468 Income Taxes Payable Current Installments of Long-Term Debt 35 12 38 33 Other Accrued Expenses 1,806 1,746 Total Current Liabilities Long-Term Debt, excluding current installments Other Long-Term Liabilities Deferred Income Taxes 11,269 10,749 16,869 1,844 14,691 2,042 642 514 Total Liabilities 30,624 27,996 STOCKHOLDERS' EQUITY Common Stock, par value $0.05; authorized: 10 billion shares; issued: 1.768 billion shares at February 1, 2015 and 1.761 billion shares at February 2, 2014; outstanding: 1.307 billion shares at: February 1, 2015 and 1.380 billion shares at February 2, 2014 Paid-In Capital Retained Earnings Accumulated Other Comprehensive (Loss) 88 88 8,885 8,402 26,995 23,180 Income Treasury Stock, at cost, 461 million shares at February 1, 2015 and 381 million shares -452 46 at February 2, 2014 -26,194 -19,194 Total Stockholdersse Equity Total Liabilities and Stockholders' Equity 9,322 12,522 $39,946 $40,518 x W Lunch Punch! DOLLStep by Step Solution
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