Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended
Question:
Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2016, follows (in millions). Prepare its calendar-year 2016
(1) Multiple-step income statement
(2) Single-step income statement.
Transcribed Image Text:
Income before taxes.. Gross profit... Royalty and commission income Other operating income.. Other operating expenses. Net sales... €1,020 28 74 1,491 9,912 Net income . Financial income Financial expenses. Operating profit Cost of sales.. € 1,445 9,379 ...... 109 266 8,263 19,291 Income taxes. 425
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Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
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