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Prepare a vertical analysis for 2022 and 2021.

Prepare a vertical analysis for 2022 and 2021.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare a vertical analysis for 2022 and 2021.

 

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12 Months Ended Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions Jan. 29, 2022 Jan. 30, 2021 Feb. 01, 2020 Consolidated Statements of Earnings [Abstract] Revenue Cost of sales Gross profit Selling, general and administrative expenses $ 51,761 40,121 $ 47,262 36,689 10,573 7,928 254 $ 43,638 33,590 11,640 10,048 7,998 41 8,635 (34) Restructuring charges Operating income Other income (expense): Gain on sale of investments Investment income and other 3,039 2,391 2,009 1 10 37 47 (25) 3,024 574 (52) 2,377 579 (64) 1,993 452 Interest expense Earnings before income tax expense and equity in income of affiliates Income tax expense Equity in income of affiliates Net earnings Basic earnings per share Diluted earnings per share Weighted-average common shares outstanding 4 $ 2,454 $9.94 $ 1,798 $ 6.93 $ 6.84 $1,541 $ 5.82 $ 5.75 $ 9.84 Basic 246.8 259.6 264.9 Diluted 249.3 263 268.1
Transcribed Image Text:12 Months Ended Consolidated Statements of Earnings - USD ($) shares in Millions, $ in Millions Jan. 29, 2022 Jan. 30, 2021 Feb. 01, 2020 Consolidated Statements of Earnings [Abstract] Revenue Cost of sales Gross profit Selling, general and administrative expenses $ 51,761 40,121 $ 47,262 36,689 10,573 7,928 254 $ 43,638 33,590 11,640 10,048 7,998 41 8,635 (34) Restructuring charges Operating income Other income (expense): Gain on sale of investments Investment income and other 3,039 2,391 2,009 1 10 37 47 (25) 3,024 574 (52) 2,377 579 (64) 1,993 452 Interest expense Earnings before income tax expense and equity in income of affiliates Income tax expense Equity in income of affiliates Net earnings Basic earnings per share Diluted earnings per share Weighted-average common shares outstanding 4 $ 2,454 $9.94 $ 1,798 $ 6.93 $ 6.84 $1,541 $ 5.82 $ 5.75 $ 9.84 Basic 246.8 259.6 264.9 Diluted 249.3 263 268.1
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