Question
7. Note the following income statement. How much external funding will this firm require? (If it doesnt require any external funding, enter 0. 2/1/2020 2/2/2019
7. Note the following income statement. How much external funding will this firm require? (If it doesnt require any external funding, enter 0.
2/1/2020 | 2/2/2019 | |
CONSOLIDATED STATEMENTS OF OPERATIONS ($ in Millions) | ||
Sales | $ 122,286 | $ 121,852 |
Operating expenses | ||
Cost of Goods Sold | 95,294 | 95,103 |
Operating, general and administrative | 21,208 | 20,786 |
Rent | 884 | 884 |
Depreciation and amortization | 2,649 | 2,465 |
Operating profit | 2,251 | 2,614 |
Other income (expense) | ||
Interest expense | (603) | (620) |
Non-service component of company-sponsored pension plan costs | (26) | |
Mark to market gain on Ocado securities | 157 | 228 |
Net earnings before income tax (benefit) expense | 1,981 | 3,978 |
Income tax (benefit) expense | 469 | 900 |
Net earnings including noncontrolling interests | 1,512 | 3,078 |
Net loss attributable to noncontrolling interests | (147) | (32) |
Net earnings | $ 1,659 | $ 3,110 |
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