Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

how do you calculate the percentages? Perform a vertical analysis on the income statements. (Always use cell references and formulas where appropriate to receive full

image text in transcribedhow do you calculate the percentages?
Perform a vertical analysis on the income statements. (Always use cell references and formulas where appropriate to receive full credit) 5 THE HOME DEPOT, INC CONSOLIDATED STATEMENTS OF EARNINGS in millions Net sales Cost of sales Gross profit $ Fiscal 2020 132.110 87,257 44,853 Fiscal 2019 $ 110,225 72,653 37,572 Operating expenses Selling, general and administrative Depreciation and amortization Total operating expenses 24,447 2,128 26,575 5 7 3 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 19,740 1,989 21.729 Operating income 18,278 15,843 Interest and other (income) expense Interest and investment income Interest expense Interest and other net (47) 1,347 1,300 (73) 1,201 1,128 Earnings before provision for income taxes Income tax expense Net earnings 16,978 4,112 12,866 14,715 3,473 11.242 5 $

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

Intermediate Accounting IFRS Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

2nd Edition

1118443969, 978-1118443965

More Books

Students also viewed these Accounting questions