Assume this is a partial list of financial highlights from a Best Buy annual report 2023 2022 (dollars in millions) $ 37,580 $ 33,075 2,231 1,318 1,285 891 Net sales Earnings before taxes Net earnings Complete a horizontal and vertical analysis from the above information Note: Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent. Net sales Earnings before taxes Net earnings 2023 Horizontal analysis 2022 Increase Percent Vertical analysis 2023 % % 2022 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume this is a partial list of financial highlights from a Best Buy annual report
Net sales
Earnings before taxes
Net earnings
2023
2022
(dollars in millions)
$ 37,580 $ 33,075
2,231
1,285
1,318
891
Complete a horizontal and vertical analysis from the above information
Note: Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.
Net sales
Earnings before taxes
Net earnings
2023
Horizontal analysis
2022
Increase
Percent
Vertical analysis
2023
%
2022
Transcribed Image Text:Assume this is a partial list of financial highlights from a Best Buy annual report Net sales Earnings before taxes Net earnings 2023 2022 (dollars in millions) $ 37,580 $ 33,075 2,231 1,285 1,318 891 Complete a horizontal and vertical analysis from the above information Note: Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent. Net sales Earnings before taxes Net earnings 2023 Horizontal analysis 2022 Increase Percent Vertical analysis 2023 % 2022
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