2018 2017 (dollars in millions) $ 35,475 1,313 Net sales $ 40,580 Earnings before taxes Net earnings 2,291 1,378 921 Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.) Horizontal analysis Vertical analysis 2018 2017 Increase Percent 2018 2017 Net sales $ 40,580 $ 35,475 $ 5,105 % % Earnings before taxes 2,291 1,313 978 % Net earnings 1,378 921 457 % %

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Question
Assume this is a partial list of financial highlights from a Best Buy annual report:
2018
2017
(dollars in millions)
$ 35,475
1,313
Net sales
$ 40,580
Earnings before taxes
Net earnings
2, 291
1,378
921
Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent"
answers to the nearest hundredth percent.)
Horizontal analysis
Vertical analysis
2018
2017
Increase
Percent
2018
2017
Net sales
$
40,580
$
35,475 $
5,105
%
Earnings before taxes
2,291
1,313
978
%
%
Net earnings
1,378
921
457
%
%
Transcribed Image Text:Assume this is a partial list of financial highlights from a Best Buy annual report: 2018 2017 (dollars in millions) $ 35,475 1,313 Net sales $ 40,580 Earnings before taxes Net earnings 2, 291 1,378 921 Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.) Horizontal analysis Vertical analysis 2018 2017 Increase Percent 2018 2017 Net sales $ 40,580 $ 35,475 $ 5,105 % Earnings before taxes 2,291 1,313 978 % % Net earnings 1,378 921 457 % %
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