Question: how do you calculate the percentages? Perform a vertical analysis on the income statements. (Always use cell references and formulas where appropriate to receive full

how do you calculate the percentages?

Perform a vertical analysis on the income statements. (Always use cell references and formulas where appropriate to receive full credit) 5 THE HOME DEPOT, INC CONSOLIDATED STATEMENTS OF EARNINGS in millions Net sales Cost of sales Gross profit $ Fiscal 2020 132.110 87,257 44,853 Fiscal 2019 $ 110,225 72,653 37,572 Operating expenses Selling, general and administrative Depreciation and amortization Total operating expenses 24,447 2,128 26,575 5 7 3 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 19,740 1,989 21.729 Operating income 18,278 15,843 Interest and other (income) expense Interest and investment income Interest expense Interest and other net (47) 1,347 1,300 (73) 1,201 1,128 Earnings before provision for income taxes Income tax expense Net earnings 16,978 4,112 12,866 14,715 3,473 11.242 5 $

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