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Analyzing Segment Disclosures Raytheon Company disclosed the following data related to segment sales and operating profits for fiscal 2018. Total Net Sales 2018 2017 2016
Analyzing Segment Disclosures Raytheon Company disclosed the following data related to segment sales and operating profits for fiscal 2018. Total Net Sales 2018 2017 2016 Operating Income 2018 2017 2016 $1,023 $935 $971 538 455 467 $5,804 $5,529 $6,180 6,722 6,177 6,169 7,096 8,298 7,787 921 $ millions Integrated defense systems Intelligence, information and services Missile systems Space and airborne systems Forcepoint Eliminations Total net sales 973 1,010 884 862 6,748 6,430 6,182 808 634 608 586 5 33 90 (1,514) (1,423) (1,361) $27,068 $25,383 $24,201 The company also reported the following on its balance sheet. $ millions 2018 2017 Receivables* $1,648 $1,324 * (net of allowance for doubtful accounts of $12 and $8) Required a. Which segment is largest in 2018? b. Calculate the operating profit margin for each segment and determine which segment is most profitable in 2018 by this measure. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%)
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