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

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.1E
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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? $177.564
Transcribed Image Text:Please see the following Income Statement from Home Depot to answer the next two all variable and their SGA + questions. Home Depot's Cost of Sales Depreciation/Amortization are their Fixed Costs. CONSOLIDATED STATEMENTS OF EARNINGS USD ($) 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
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