Question tof Compute the component centages tr Rodes ncome statement below (Ente
ID: 2577446 • Letter: Q
Question
Question tof Compute the component centages tr Rodes ncome statement below (Enter your answers as positive values. answer as a percentage rounded to 2 decimal place (Le. 0.1234 sh (in millions, except per share and percentage data) Fiscal Years Ended on January 31, %Sales January 30, February 1, %Sales %Sales Net sailes Cost of sales Gross margn 48.232 31,730 16,502 100001% 1 ,00001% I s 48299 31.568 46 941 0 744 6197100.00 00.00 16.731 100 00 11,078 1,548 10,528 ,37 9749 1,179 2,102 4.629 1.709 2920| 1.093 5104 100 00 90 Total expenses 0.00 0.00 0.00 2.911 3 591 1.321 2.2701 100.00 100 00 Income tax provision Net earnings 100001%-3.198-0001% 10000 1% MacBook Air 2 4
Explanation / Answer
Consolidated statement of Earnings Jan 30 2015 % of sales Jan 31 2014 % Feb 1 2013 % Net sales 48232 100 48299 100 46941 100 cost of sales 31730 65.79 [31730/48232] 31568 65.36 [31568/48299] 30744 65.49 [30744/46941] Gross margin 16502 34.21 [16502/48232] 16731 34.64 [16731/48299] 16197 34.51 [16197/46941] Expenses selling ,general and administrative 11078 22.97 [11078/48232] 10528 21.80 [10528/48299] 9749 20.77 [9749/46941'] Depreciation 1548 3.21 [1548/48232] 1371 2.84 [1371/48299] 1179 2.51 [1171/46941] Interest 285 .59 [285/48232] 203 .42 [203/48299] 165 .35 [165/46941] Total expense 12911 26.77 [12911/48232] 12102 25.06 [12102/48299] 11093 23.63 [11093/46941] Pre tax earnings 3591 7.45 [3591/48232] 4629 9.58 [4629/48299] 5104 10.87 Income tax provision 1321 2.74 [1321/48232] 1709 3.54 [1709/48299] 1906 4.06 [190646941] Net earnings 2270 4.71 [2270/48232] 2920 6.05 [2920/48299] 3198 6.81 [3198/46941]
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