Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 20xx. (Round percentage answers to one decimal place.)
$\begin{array}{l}
\begin{array}{l}
\
\text{Net sales}\
\text{Cost of sales}\
\text{Grossmargin}\
\text{Selling, general, and administrative expenses}\
\text{Depreciation, amontization, and assetwrite-offs}\
\text{Total operating expenses}\
\text{Income from operations}\
\text{Interest expense}\
\text{Interest and other income}\
\text{Earnings before income taxes}\
\text{Income taxes}\
\text{Net earring}
\end{array}
\begin{array}{r}
\text { (In millions) } \
\$ 11,862 \
8,321 \
\hline \$ 3,541 \
\hline \$ 2,743 \
278 \
\hline \$ 3,021 \
\hline \$ \quad 520 \
(91) \
\quad 11 \
\hline \$ 440 \
\quad 161 \
\hline \$ 279
\end{array}
\end{array}$

Question

Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 20xx. (Round percentage answers to one decimal place.)
 $\begin{array}{l}
\begin{array}{l}
\
\text{Net sales}\
\text{Cost of sales}\
\text{Grossmargin}\
\text{Selling, general, and administrative expenses}\
\text{Depreciation, amontization, and assetwrite-offs}\
\text{Total operating expenses}\
\text{Income from operations}\
\text{Interest expense}\
\text{Interest and other income}\
\text{Earnings before income taxes}\
\text{Income taxes}\
\text{Net earring}
\end{array}
\begin{array}{r}
\text { (In millions) } \
\$ 11,862 \
8,321 \
\hline \$ 3,541 \
\hline \$ 2,743 \
 278 \
\hline \$ 3,021 \
\hline \$ \quad 520 \
(91) \
 \quad 11 \
\hline \$ 440 \
\quad 161 \
\hline \$ 279
\end{array}
\end{array}$

Quizplus · Accepted Answer

The Answer of Using the following information from an annual report, prepare a vertical analysis of the consolidated statement of earnings for the fiscal year ended June 30, 20xx. (Round percentage answers to one decimal place.)
 $\begin{array}{l}
\begin{array}{l}
\
\text{Net sales}\
\text{Cost of sales}\
\text{Grossmargin}\
\text{Selling, general, and administrative expenses}\
\text{Depreciation, amontization, and assetwrite-offs}\
\text{Total operating expenses}\
\text{Income from operations}\
\text{Interest expense}\
\text{Interest and other income}\
\text{Earnings before income taxes}\
\text{Income taxes}\
\text{Net earring}
\end{array}
\begin{array}{r}
\text { (In millions) } \
\$ 11,862 \
8,321 \
\hline \$ 3,541 \
\hline \$ 2,743 \
 278 \
\hline \$ 3,021 \
\hline \$ \quad 520 \
(91) \
 \quad 11 \
\hline \$ 440 \
\quad 161 \
\hline \$ 279
\end{array}
\end{array}$

Using the Following Information from an Annual Report, Prepare a Vertical