Lowes is a leading retailer in the home improvement field. Complete the component percentage analysis on the
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LOWE'S COMPANIES, INC Consolidated Statements of Earnings (in millions, except per share and percentage data) Fiscal Years Ended on February , 2012 January 28, 2011 January 29, 2010 % Sales % Sales % Sales Net sales Cost of sales Gross margin Expenses: $50,208 32,858 17,350 $48,815 31,663 17,152 $47,220 30,757 16,463 100.00% 100.00% 100.00% 11,737 1,614 Selling, general, and administrative 12,593 1,480 12,006 1,586 Depreciation 371 332 287 Total expenses Pre-tax earnings Income tax provision Net earnings 14,444 2,906 1,067 S 1,839 13,924 3,228 1,218 2,010 13,638 2,825 1,042 1,783
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Related Book For
Financial Accounting
ISBN: 978-0078025556
8th edition
Authors: Robert Libby, Patricia Libby, Daniel Short
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