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12. Given the following financial information: (20 points; 4 points each) Income Statement (2019) Balance Sheet (2019) (Income statement and balance sheet numbers are in

12. Given the following financial information: (20 points; 4 points each)

Income Statement (2019) Balance Sheet (2019) (Income statement and balance sheet numbers are in millions)

Revenue $3,047 Cash 29 A/P 475

CGS Expense 2,692 A/R 443 N/P 168

SG&A Expense 176 Inventory 454 Total C/L 643

Depr. Expense 84 Tot. Curr Asset 926 L-T Debt 210

EBIT 95 Net PP&E 55 Total Liab. 853

Interest Expense 12 Goodwill 214 Common Stock 386 Taxes 22 Intang. Assets 121 Treasury Stock -325

Net Income 61 Other L-T Assets 72 Ret. Earnings 474

Total Assets 1,388 Total Stock Eq 535

Tot. Liab &OE 1,388

12A.What type of firm does the above financial information most likely represent?

  1. Manufacturer
  2. Insurer
  3. Distributor
  4. Hospital
  5. Generic Pharmaceutical

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