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Lowe's is a leading retailer in the home improvement field. Complete the component percentage analysis on the company's income statement that follows. (Enter your
Lowe's is a leading retailer in the home improvement field. Complete the component percentage analysis on the company's income statement that follows. (Enter your answer as a percentage rounded to 2 decimal place (i.e. 0.1234 should be entered as 12.34).) LOWE'S COMPANIES, INC. Consolidated Statements of Earnings (in millions, except per share and percentage data) Net sales Cost of sales Gross margin Fiscal Years Ended on February 3, 2012 January 28, January 29, % Sales % Sales % Sales 2011 2010 $ 48,237 100.00% $ 48,300 100.00% $ 46,939 100.00 % 31,746 31,564 30,746 16,491 100.00 16,736 100.00 16,193 100.00 Expenses: Selling, general, and administrative 11,082 10,526 9,744 Depreciation 1,557 1,379 1,181 Interest-net 287 199 158 Total expenses 12,926 0.00 12,104 0.00 11,083 0.00 Pre-tax earnings 3,565 100.00 4,632 100.00 5,110 100.00 Income tax provision 1,318 1,712 1,908 Net earnings $ 2,247 100.00 % $ 2,920 100.00 % $ 3,202 100.00%
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