Assume this is a partial list of financial highlights from a Best Buy annual report: 2020 2019 (dollars in millions). $ 37,580 $ 33,075 1,283 891 Net sales Earnings before taxes Net earnings 2,231 1,318 Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.) Net sales Earnings before taxes Net earnings 2020 Horizontal analysis 2019 Increase Percent Vertical analysis 2020 % % % 2019 % % %

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 9EA: Using the following select financial statement information from Black Water Industries, compute the...
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Assume this is a partial list of financial highlights from a Best Buy annual report:
2019
2020
(dollars in millions).
$ 37,580 $ 33,075
1,283
891
2,231
1,318.
Net sales
Earnings before taxes
Net earnings
Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent"
answers to the nearest hundredth percent.)
Net sales
Earnings before taxes
Net earnings
2020
Horizontal analysis
2019
Increase
Percent
Vertical analysis
2020
%
%
%
2019
+
%
%
%
Transcribed Image Text:Assume this is a partial list of financial highlights from a Best Buy annual report: 2019 2020 (dollars in millions). $ 37,580 $ 33,075 1,283 891 2,231 1,318. Net sales Earnings before taxes Net earnings Complete a horizontal and vertical analysis from the above information. (Enter your answers in millions. Round the "percent" answers to the nearest hundredth percent.) Net sales Earnings before taxes Net earnings 2020 Horizontal analysis 2019 Increase Percent Vertical analysis 2020 % % % 2019 + % % %
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