10 Nov Sears Holdings Corporation is a major retailer. Th
Sears Holdings Corporation is a major retailer. The company’s annual report contained the following actual data, which has been somewhat summarized, for the year ended January 28, 2012 ($ in millions): ,Net revenues $41,567,Purchases of inventory . 30,422,Selling and administrative expenses . 10,664,Depreciation and amortization . 853,Other operating expenses . 585,Interest expense (net) 289,Other income 39,Income taxes 1,369,The balance sheets included the following actual data ($ in millions of dollars):,Prepare a detailed multiple-step income statement that includes the calculation of Cost of Goods Sold and ends with NetEarnings.
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