INCOME STATEMENT
Question INCOME STATEMENT(Figures in $ millions) Net sales$ 12,900 Cost of goods sold3,910 Other expenses4,132 Depreciation2,428 Earnings before interest and taxes (EBIT)$ 2,430 Interest expense670 Income before tax$ 1,760 Taxes (at 35%)616 Net income$ 1,144 Dividends$ 846 BALANCE SHEET(Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities $86 $155 Receivables 2,232 2,430 Inventories 172 223 Other current assets 852 917 Total current assets $3,342 $3,725 Net property, plant, […]