Please see the following Income Statement from Home Depot to answer the next two all variable and their SGA + questions. Home Depot's Cost of Sales Depreciation/Amortization are their Fixed Costs. CONSOLIDATED STATEMENTS OF EARNINGS USD ($) shares in Millions, $ in Millions Net sales are 12 Jan. 28, 2024 I Income Statement [Abstract] $ 152,669 Cost of sales 101.709 Gross profit 50,960 Operating expenses: Selling, general and administrative 26.598 Depreciation and amortization 2,673 Total operating expenses 29.271 Operating income 21.689 15. What is Home Depot's cmr? 33.38% 16. How much revenue would have been needed for them to show operating income of $30,000 (profit before tax) in 2024? $177.564
Please see the following Income Statement from Home Depot to answer the next two all variable and their SGA + questions. Home Depot's Cost of Sales Depreciation/Amortization are their Fixed Costs. CONSOLIDATED STATEMENTS OF EARNINGS USD ($) shares in Millions, $ in Millions Net sales are 12 Jan. 28, 2024 I Income Statement [Abstract] $ 152,669 Cost of sales 101.709 Gross profit 50,960 Operating expenses: Selling, general and administrative 26.598 Depreciation and amortization 2,673 Total operating expenses 29.271 Operating income 21.689 15. What is Home Depot's cmr? 33.38% 16. How much revenue would have been needed for them to show operating income of $30,000 (profit before tax) in 2024? $177.564
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 1MCQ
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