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8 Millenial Inc. 2018 Statement of comprehensive income 2 points & 01:14:35 ($ in millions) Sales Less: Costs $8,800 5,600 Depreciation EBIT Less: Interest
8 Millenial Inc. 2018 Statement of comprehensive income 2 points & 01:14:35 ($ in millions) Sales Less: Costs $8,800 5,600 Depreciation EBIT Less: Interest EBT Less: Taxes 900 2,300 350 1,950 550 Net Income 1,400 Dividends 900 Addition to ret. Earnings 500 Millenial Inc. 2017 and 2018 Statement of financial position ($ in millions) 2017 2018 2017 2018 Cash $170 $110 Accounts payable $135 $120 Accounts rec. 500 700 Notes payable 1,200 1,400 Inventory 1.240 1,000 Current liabilities 1,335 1,520 Current assets 1,910 1,810 Long-term debt 2,005 2,620 Fixed assets 2.000 3.500 Common stock (50 shares) Retained earnings 100 200 Total assets $3,910 $5,310 Total liab. & equity 470 970 $3,910 $5,310
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