Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

fill in the blank please Lowes Companies Inc Consolidated Statements of Earnings - USD ($) $ in Millions Jan. 28, 2022 Jan. 29, 2021 Jan.

fill in the blank please image text in transcribed
image text in transcribed
image text in transcribed
Lowes Companies Inc Consolidated Statements of Earnings - USD (\$) \$ in Millions Jan. 28, 2022 Jan. 29, 2021 Jan. 31,2020 Current Earnings Net sales Cost of sales Gross margin $96,25064,19432,056$89,59760,02529,572$72,14849,20522,943 Expenses: Selling, general and administrative Depreciation and amortization Operating income Interest - net Loss on extinguishment of debt Pre-tax earnings Income tax provision Net earnings Basic earnings per common share (in dollars per Diluted earnings per common share (in dollars per Current Earnings (Percentages) Net sales Cost of sales Gross margin Expenses (Percentages) Selling, general and administrative Depreciation and amortization Operating income Interest - net Loss on extinguishment of debt Pre-tax earnings Income tax provision Net earnings 100.00%66.70%33.30%19.01%1.73%12.56%0.92%0.00%11.64%2.87%8.77%100.00%66.99%33.01%20.68%1.56%10.77%0.95%1.18%8.64%2.13%6.51%100.00%68.20%31.80%21.30%1.75%8.75%0.96%0.00%7.79%1.86%5.93% Lowes Companies Inc Consolidated Balance Sheets - USD (\$) \$ in Millions Jan. 28, 2022 Jan. 29, 2021 Current assets: Cash and cash equivalents Short-term investments Merchandise inventory - net Other current assets Total current assets Property, less accumulated depreciation Operating lease right-of-use assets Long-term investments Deferred income taxes - net Other assets Total assets Current liabilities: Current maturities of long-term debt Current operating lease liabilities Accounts payable Accrued compensation and employee benefits Deferred revenue Other current liabilities Total current liabilities Long-term debt, excluding current maturities Noncurrent operating lease liabilities Deferred revenue - Lowe's protection plans Other liabilities Total liabilities Commitments and contingencies $1,13327117,6051,05120,06019,0714,1081991641,03844,640$4,69050616,19393722,32619,1553,83220034088246,735 Shareholders' (deficit)/equity: Preferred stock $5 par value: Authorized 5.0 million shares; Issued Common stock $0.50 par value: Authorized 5.6 billion shares; Issued and outstanding 670 million and 731 million, respectively Capital in excess of par value (Accumulated deficit)/retained earnings Accumulated other comprehensive loss Total shareholders' (deficit)/equity Total liabilities and shareholders' (deficit)/equity 86863611,3541,5611,9143,33519,66823,8594,0211,12778149,4561,11254110,8841,3501,6083,23518,73020,6683,8901,01999145,298 Worksheet Financial Statement Ratios Lowe's Companies, Inc Jan. 28, 2022 and Jan. 29, 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

15th edition

978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689

More Books

Students also viewed these Accounting questions

Question

What can lower divorce rates in the U.S.?

Answered: 1 week ago

Question

What is the difference between absolute and relative pay?

Answered: 1 week ago