Question

Please solve and show the work for this information below.

Home Depot, Inc. Common Size Statement of Earnings	12 Months Ended in Millions $			Percentages
	Feb. 03, 2019	Jan. 28, 2018	Jan. 29, 2017	Feb. 03, 2019	Jan. 28, 2018	Jan. 29, 2017
Net Sales	$ 108,203	$ 100,904	$ 94,595
Cost of sales	71,043	66,548	62,282
Gross profit	37,160	34,356	32,313
Operating expenses:
Selling, general and administrative	19,513	17,864	17,132
Depreciation and amortization	1,870	1,811	1,754
Impairment loss	247	0	0
Total operating expenses	21,630	19,675	18,886
Operating income	15,530	14,681	13,427
Interest and other (income) expense:
Interest and investment income	(93)	(74)	(36)
Interest expense	1,051	1,057	972
Other	16	0	0
Interest and other, net	974	983	936
Earnings before provision for income taxes	14,556	13,698	12,491
Provision for income taxes	3,435	5,068	4,534
Net earnings	$ 11,121	$ 8,630	$ 7,957

Answer 1

100.00% 65.95% 34.05% Jan. 29, 2017 ($94595 / $94595] | [$62282 / $94595) ($32313 / $94595] 100.00% 65.84% 34.16% 18.11% 1.85% In common size statement of earnings, each line item is shown as a percentage of revenue or sales. Common Size Statement of Earnings Home Depot, Inc. Particulars Feb. 03, 2019 Jan. 28, 2018 Jan. 29, 2017 Feb. 03, 2019 Jan. 28, 2018 Net Sales $1,08,203 $1,00,904 $94,595 ($108203 / $108203] 100.00% ($100904 / $100904] | Cost of sales $71,043 $66,548 $62,282 ($71043/$108203] 65.66% $66548 / $1009041 Gross profit $37,160 $34,356 $32,313 $37160 / $108203] 34.34% $34356 / $100904] Operating expenses: Selling, general and administrative $19,513 $17,864 $17,132 $19513/$108203] 18.03% ($17864 / $100904] Depreciation and amortization $1,870 $1,811 $1,754 ($1870 / $108203] 1.73% ($1811 / $100904] Impairment loss $0 $0 $247 / $108203] 0.23% ($0 / $100904] Total operating expenses $21,630 $19,675 $18,886 $21630 / $108203] 19.99% $19675 / $100904] Operating income $15,530 $14,681 $13,427 ($15530 / $108203] 14.35% ($14681 / $100904] Interest and other (income) expense: Interest and investment income -$93 -$74 -$36 [$-93/$108203] -0.09% ($-74/$100904] Interest expense $1,051 $1,057 $972 ($1051 / $108203] 0.97% ($1057 / $100904] Other $0 $0 ($16/$108203] 0.01% ($0 / $100904] Interest and other, net $974 $983 $936 [$974 / $108203] 0.90% ($983/$100904] Earnings before provision for income taxes $14,556 $13,698 $12,491 $14556 / $108203] 13.45% ($13698 / $100904] Provision for income taxes $3,435 $5,068 $4,534 $3435 / $108203] 3.17% [$5068 / $100904] Net earnings $11,121 $8,630 $7,957 ($11121 / $108203] 10.28% ($8630 / $100904] $247 17.70% 1.79% 0.00% 19.50% 14.55% ($17132 / $94595] ($1754 / $94595) {$0 / $94595] ($18886 / $94595) ($13427 / $94595) 0.00% 19.97% 14.19% $16 -0.07% 1.05% 0.00% 0.97% 13.58% 5.02% 8.55% ($-36 / $94595] ($972 / $94595] ($0 / $94595] ($936 / $94595) ($12491 / $94595] ($4534 / $94595] ($7957 / $94595) -0.04% 1.03% 0.00% 0.99% 13.20% 4.79% 8.41%