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What types of costs are included in Cost of sales on the statement of net earnings in the below picture? Calculate the % of each
What types of costs are included in Cost of sales on the statement of net earnings in the below picture? Calculate the % of each category of cost to the total of cost of sales for each of fiscal 2016 and 2015. Are the results similar each year?
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Dollarama Inc. Consolidated Statement of Net Earnings and Comprehensive Income for the years ended (Expressed in thousands of Canadian dollars, except numbers of shares and share amounts) Note January 31 February 1, 2016 2015 2,650,327 2,330,805 Sales Cost of sales 17 1,617,051 1,471,257 1,033,276 Gross profit 859,548 435,816 General, administrative and store operating expenses 398,678 48,085 Depreciation and amortization 38,309 17 422,561 Operating income 549,375 19,956 Financing costs 21,395 Earnings before income taxes 527,980 402,605 13 Income taxes 107,195 142,834 295,410 385,146 Net earnings for the year Other comprehensive income Items to be reclassified subsequently to net earnings Unrealized gain on derivative financial instruments, net of reclassification 72,460 adjustment 4,789 Income taxes relating to components of other (191366) (1,290) comprehensive income Total other comprehensive income, net of income taxes 53,094 3,499 Total comprehensive income for the year 388,645 348,504Step by Step Solution
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