Classifying Balance Sheet and Income Statement Accounts and Computing Debt-to-Equity Following are selected accounts for Kimberly-Clark Corporation for 2017. a. Indicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (I). ($ millions) Net sales Amount $18,259 1 Classification Cost of goods sold Retained earnings Net income Property, plant & equipment (net) Marketing research and general expenses Accounts receivable, net Total liabilities Total stockholders' equity 11,706 1 6,730 B 2,319 1 7,436 B 3,227 1 2,315 B 14,269 B 882 B b. Using the data, compute its amounts for total assets and for total expenses. Total assets $ 15,151 million. Total expenses $ 3,227 x million c. Compute Kimberly-Clark's debt-to-equity ratio. (Debt-to-equity was defined in Chapter 1.) Round to two decimal places. 16.18 Check