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Lowes is a leading retailer in the home improvement field. Complete the component percentage analysis on the companys income statement that follows. (Enter your answer

Lowes is a leading retailer in the home improvement field. Complete the component percentage analysis on the companys 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).)

LOWES COMPANIES, INC.
Consolidated Statements of Earnings
(in millions, except per share and percentage data)
Fiscal Years Ended on
February 3, 2012 % Sales January 28, 2011 % Sales January 29, 2010 % Sales
Net sales $48,249 100.00 % $48,291 100.00 % $46,934 100.00 %
Cost of sales 31,743 ???? 31,567 ??? 30,734 ???
Gross margin 16,506 100.00 16,724 100.00 16,200 100.00
Expenses:
Selling, general, and administrative 11,094 ???? 10,533 ???? 9,757 ????
Depreciation 1,545 ???? 1,369 ??? 1,166 ???
Interest-net 282 ????? 212 ??? 168 ???
Total expenses 12,921 0.00 12,114 0.00 11,091 0.00
Pre-tax earnings 3,585 100.00 4,610 100.00 5,109 100.00
Income tax provision 1,317 ???? 1,721 ???? 1,897 ????
Net earnings $2,268 100.00 % $2,889 100.00 % $3,212 100.00 %

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