Question

In: Accounting

need the vertical and horizontal analysis Consolidated Statements of Earnings (USD $) 12 Months Ended In...

need the vertical and horizontal analysis

Consolidated Statements of Earnings (USD $) 12 Months Ended
In Millions, except Per Share data, unless otherwise specified Feb. 01, 2015 Vertical Analysis Feb. 02, 2014 Vertical Analysis Horizontal Analysis
Income Statement [Abstract]
NET SALES $83,176 $78,812
Cost of Sales 54,222 51,422
GROSS PROFIT 28,954 27,390
Operating Expenses:
Selling, General and Administrative 16,834 16,597
Depreciation and Amortization 1,651 1,627
Total Operating Expenses 18,485 18,224
OPERATING INCOME 10,469 9,166
Interest and Other (Income) Expense:
Interest and Investment Income -337 -12
Interest Expense 830 711
Other 0 0
Interest and Other, net 493 699
EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,976 8,467
Provision for Income Taxes 3,631 3,082
NET EARNINGS $6,345 $5,385
Weighted Average Common Shares 1,338 1,425
BASIC EARNINGS PER SHARE $4.74 $3.78
Diluted Weighted Average Common Shares 1,346 1,434
DILUTED EARNINGS PER SHARE $4.71 $3.76
[1] Fiscal years ended February 1, 2015 and February 2, 2014 include 52 weeks. Fiscal year ended February 3, 2013 includes 53 weeks.

Solutions

Expert Solution

Feb 2015

Vertical

Analysis

Feb 2014

vertical Analysis
Income Statement % %

HORIZONTAL

ANALYSIS %

NET SALES $83,176 100 $78,812 100 +5.54
Cost of Sales 54,222 65.15 51,422 65.25 +5.45
GROSS PROFIT 28,954 34.85 27,390 34.75 +5.71
Operating Expenses:
Selling, General and Administrative 16,834 20.25 16,597 21.06 +1.43
Depreciation and Amortization 1,651 2.00 1,627 2.06 +0.09
Total Operating Expenses 18,485 22.25 18,224 23.12 +1.43
OPERATING INCOME 10,469 12.60 9,166 11.63 +14.22
Interest and Other (Income) Expense:
Interest and Investment Income -337 -0.41 -12

-0.02

+270.83
Interest Expense 830

1.00

711 0.90 16.74
Other 0 0 0
Interest and Other, net 493 0.6 699 0.88 -29.47
EARNINGS BEFORE PROVISION FOR INCOME TAXES 9,976 12.00 8,467

10.75

+17.83
Provision for Income Taxes 3,631 4.37 3,082 3.91 +17.83
NET EARNINGS $6,345 7.63 $5,385 6.84 +17.83
Weighted Average Common Shares 1,338 1,425 -6.11
BASIC EARNINGS PER SHARE $4.74 $3.78 +25.4
Diluted Weighted Average Common Shares 1,346 1,434 -6.14
Dilured eps 4.71 3.76 +25.27

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