Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2019 $ 67,684 34,768 19,084 8,345 5,487 509 220 871 Below is a financial statement of Procter and Gamble: Amounts in millions except per share
2019 $ 67,684 34,768 19,084 8,345 5,487 509 220 871 Below is a financial statement of Procter and Gamble: Amounts in millions except per share amounts; Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Goodwill and indefinite lived intangibles impairment charges OPERATING INCOME Interest expense Interest income Other non-operating income/(expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE 1. Which financial statement is this? 2. Calculate gross profit. 6,069 2,103 3,966 3,966 69 $ 3,897 Blank #1 Blank # 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started