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6 7 A B C 2022 ABC Company Income Statement Forecast Assumption 8 Actual 2023 Forecasted 9 Net sales 18,870 2.00% 19,247.40 Cost of
6 7 A B C 2022 ABC Company Income Statement Forecast Assumption 8 Actual 2023 Forecasted 9 Net sales 18,870 2.00% 19,247.40 Cost of sales 14,153 75.00% 14,435.55 1 Selling, general, and administrative expenses 2,936 18.00% 3,464.53 2 Divestitures (gain) 30 0.0% 30.00 Operating profit 1,752 1,347.32 4 Interest, net 525 Unchanged 5 Earnings before taxes and after-tax earnings from JV 6 Income taxes Net earnings, including earnings attributable to NCI Net earnings attributable to NCI 9 Net earnings attributable to ABC Company 1,227 525.00 2,276.70 215 236.14 1,012 35 977 1,111.18 35.00 1,076.18 E
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Understanding financial statements
Authors: Lyn M. Fraser, Aileen Ormiston
9th Edition
136086241, 978-0136086246
