Compute the component percentages for Lowe's income statement below. Discuss any trends you observe. LOWE'S COMPANIES, INC
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LOWE'S COMPANIES, INC Consolidated Statements of Earnings (in millions, except per share and percentage data) Fiscal Years Ended on January 30, 2015 February 1 2013 January 31 2014 S53417 34,941 18,476 % Sales % Sales % Sales $56,223 36,665 19,558 100.00% $50,521 33,194 17,327 100.00% Net sales Cost of sales Gross margin Expenses: 100.00% Selling, general, and administrative 13,281 1,485 12.865 1,462 12,244 1,523 Depreciation 476 Interest-net Total expenses Pre-tax earnings Income tax provision Net earnings 516 423 15,282 4,276 1,578 s2,698 4,803 3,673 1,387 s 2,286 14,190 3,137 1,178 1,959
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Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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