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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 answer
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) Fiscal Years Ended on February 3, % Sales January 28, % Sales 2012 2011 $ 48,237 100.00 % $ 48,296 100.00 % 31,730 65.79 31,572 65.38 16,507 34.21 16,724 34.62 % Sales January 29, 2010 $ 46,928 30,745 16,183 100.00 % 65.51 34.49 22.96 21.78 20.76 Net sales Cost of sales Gross margin Expenses Selling, general, and administrative Depreciation Interest-net Total expenses Pre-tax earnings Income tax provision Net earnings 11,079 1,558 293 22.96 11.25 10,523 1,373 214 12, 110 4,614 1,706 2,908 0.43 22.21 12.41 20.76 9,742 1,166 167 11,075 5,108 1,903 3,205 12,930 3,577 1,312 2,265 13.73 2.73 4.07 9.66 % $ 8.52 % $ 12.41 % $ HA
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