Give compound annual growth rates for key categories such


INCOME STATEMENT

2012

2011

2010

2009

2008

Sales

11698

10108

9006

8032

7954

Cost of Goods sold

7543

6571

5870

5277

5247

     Gross profit

4155

3537

3136

2755

2707

Direct store expenses

2983

2629

2377

2147

2109

General & administration expenses

372

311

272

244

270

Pre-opening expenses

47

41

38

49

56

Relocation/termination/lease termination

10

8

11

31

37

     Operating Income

743

548

438

284

236

Interest Expense

0.354

4

33

37

36

Investment and other income

9

8

7

3

7

     Income before taxes

752

552

412

251

207

Provision for taxes

286

209

166

104

92

     Net income

466

343

246

147

115

           

BALANCE SHEET

2012

2011

2010

   

Current Assets:

         

Cash and cash equivalents

89

212

132

   

Short-term investments

1131

442

330

   

Restricted cash

103

92

87

   

Accounts receivable

197

175

133

   

Merchandise inventories

374

337

324

   

Prepaid expenses and other current assets

77

74

55

   

Deferred income taxes

132

121

101

   

     Total current assets

2103

1453

1162

   

Property and equipment, net

2193

1997

1886

   

Long-term investments

221

53

96

   

Goodwill

663

663

665

   

Intangible assets, net

62

67

69

   

Deferred income taxes

43

50

99

   

Other assets

9

9

9

   

     Total Assets

5294

4292

3986

   
           

Current liabilities:

         

Current installments of capital leases

1

0.5

0.4

   

Accounts payable

247

237

213

   

Accrued payroll

307

282

244

   

Dividends payable

26

18

     

Other current liabilities

396

343

290

   

     Total current liabilities

977

879

748

   

Long-term capital leases

23

17

508

   

Deferred lease liabilities

441

354

294

   

Other long-term liabilities

51

50

63

   

     Total liabilities

1492

1301

1613

   

Retained earnings

1233

870

599

   

     Total shareholder's equity

3802

2991

2373

   

    Total liabilities and shareholder's equity

5294

4292

3986

   

Give compound annual growth rates for key categories (such as revenue, but you must decide which others will contribute to your understanding of the company )

 

 

 

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Accounting Basics: Give compound annual growth rates for key categories such
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