Note 20. Quarterly Information (Unaudited) Selected quarterly and annual operating results are as follows: 13 Weeks 13 Weeks Ended (3) 13 Weeks Ended (4) 13 Weeks Ended (5) 52 Weeks Ended (6) Ended (2) ($ in millions except per share amounts) May 4, 2019 August 3, 2019 November 2, 2019 February 1, 2020 February 1, 2020 (fiscal 2019) Net sales 2$ 3,706 $ 4,005 $ 3,998 $ 4,674 $ 16,383 Gross profit Net income (loss) 1,556 $ 168 $ 2$ 1,344 $ 1,559 $ 1,674 $ 6,133 (184) $ (0.49) $ (0.49) $ 2$ 227 2$ 140 $ 351 Earnings (loss) per share-basic (1) Earnings (loss) per share–diluted (1) $ 0.60 $ 0.44 $ 0.37 $ 0.93 2$ 0.60 $ 0.44 $ 0.37 $ 0.93
Note 20. Quarterly Information (Unaudited) Selected quarterly and annual operating results are as follows: 13 Weeks 13 Weeks Ended (3) 13 Weeks Ended (4) 13 Weeks Ended (5) 52 Weeks Ended (6) Ended (2) ($ in millions except per share amounts) May 4, 2019 August 3, 2019 November 2, 2019 February 1, 2020 February 1, 2020 (fiscal 2019) Net sales 2$ 3,706 $ 4,005 $ 3,998 $ 4,674 $ 16,383 Gross profit Net income (loss) 1,556 $ 168 $ 2$ 1,344 $ 1,559 $ 1,674 $ 6,133 (184) $ (0.49) $ (0.49) $ 2$ 227 2$ 140 $ 351 Earnings (loss) per share-basic (1) Earnings (loss) per share–diluted (1) $ 0.60 $ 0.44 $ 0.37 $ 0.93 2$ 0.60 $ 0.44 $ 0.37 $ 0.93
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
-
What are the following amounts for the year ended 2/1/20:
-
Net Sales _________
-
Cost of Goods Sold ____________
-
Gross Margin ____________
-
Gross Margin Percentage ____________
-
Operating Income ____________
-
Net Income ____________
![Note 20. Quarterly Information (Unaudited)
Selected quarterly and annual operating results are as follows:
13 Weeks
Ended (2)
13 Weeks
Ended (3)
13 Weeks
Ended (4)
13 Weeks
Ended (5)
52 Weeks
Ended (6)
($ in millions except per share amounts)
May 4,
2019
August 3,
2019
November 2,
2019
February 1,
2020
February 1, 2020
(fiscal 2019)
Net sales
2$
3,706 $
4,005 $
3,998 $
4,674 $
16,383
Gross profit
Net income (loss)
1,559 $
140 $
$
1,344 $
1,556 $
1,674 $
6,133
(184) $
(0.49) $
(0.49) $
2$
227 $
168 $
351
Earnings (loss) per share-basic (1)
Earnings (loss) per share–diluted (1)
$
0.60 $
0.44 $
0.37 $
0.93
$
0.60 $
0.44 $
0.37 $
0.93](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca9136c5-7542-4068-b50b-4a00d6c312a6%2Ffaa3631a-252c-4c00-bde0-398e746ca2d0%2Femg0lxi_processed.png&w=3840&q=75)
Transcribed Image Text:Note 20. Quarterly Information (Unaudited)
Selected quarterly and annual operating results are as follows:
13 Weeks
Ended (2)
13 Weeks
Ended (3)
13 Weeks
Ended (4)
13 Weeks
Ended (5)
52 Weeks
Ended (6)
($ in millions except per share amounts)
May 4,
2019
August 3,
2019
November 2,
2019
February 1,
2020
February 1, 2020
(fiscal 2019)
Net sales
2$
3,706 $
4,005 $
3,998 $
4,674 $
16,383
Gross profit
Net income (loss)
1,559 $
140 $
$
1,344 $
1,556 $
1,674 $
6,133
(184) $
(0.49) $
(0.49) $
2$
227 $
168 $
351
Earnings (loss) per share-basic (1)
Earnings (loss) per share–diluted (1)
$
0.60 $
0.44 $
0.37 $
0.93
$
0.60 $
0.44 $
0.37 $
0.93
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education