Question
6. The information show below is in Millions of Dollars. Label your income statement and put the revenues and expenses in the proper order. Not
6. The information show below is in Millions of Dollars. Label your income statement and put the revenues and expenses in the proper order. Not all of the information is used on an income statement. Sales $10,000 Return and Allowance $100 Common Stock Dividends Paid $700 Cost of Goods Sold $4,500 Administrative and Selling Expenses $3,600 Research and Development Expense $500 Income tax is 15% Depreciation Expense $105 Shares repurchased $990 Treasury bills purchased $100 Accounts Receivables $720 a. Show an income statement using the dollar amounts and Labels to ATCF: b. Calculate ATCF using the formula approach: Show the setup
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