Question
Common Size Balance Sheet Prepare a spreadsheet with common size balance sheets for the years ended November 30, 2017 and 2018. For 2018, each line
Common Size Balance Sheet
Prepare a spreadsheet with common size balance sheets for the years ended November 30, 2017 and 2018. For 2018, each line item should be shown as a percentage of total assets on November 30, 2018. Likewise, for 2017, each item should be shown as a percentage of total assets on November 30, 2017. In your calculations, round each percentage to three digits. For example if cash as a percentage of total assets is .054029834, your answer should be shown as 5.4%. These numbers on the financial statements are rounded to the nearest million, so it is a bit silly to show calculations with more precision than the underlying data.
Carnival Corporation & PLC Consolidated Statements of Income - USD ($) | 12 Months Ended | ||
Nov. 30, 2018 | Nov. 30, 2017 | ||
Revenues | |||
Revenues | $ 18,881 | $ 17,510 | |
Cruise | |||
Selling and administrative | 2,450 | 2,265 | |
Depreciation and amortization | 2,017 | 1,846 | |
Goodwill and trademark impairment | 0 | 89 | |
Operating costs and expenses | 15,556 | 14,701 | |
Operating Income | 3,325 | 2,809 | |
Nonoperating Income (Expense) | |||
Interest income | 14 | 9 | |
Interest expense, net of capitalized interest | (194) | (198) | |
Gains (losses) on fuel derivatives, net | 59 | 35 | |
Other income, net | 3 | 11 | |
Nonoperating Income (Expense) | (118) | (143) | |
Income Before Income Taxes | 3,207 | 2,666 | |
Income Tax Expense, Net | (54) | (60) | |
Net Income | $ 3,152 | $ 2,606 | |
Earnings Per Share | |||
Basic (USD per share) | $ 4.45 | $ 3.61 | |
Diluted (USD per share) | 4.44 | 3.59 | |
Dividends Declared Per Share (USD per share) | $ 1.95 | $ 1.60 | |
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