Answered step by step
Verified Expert Solution
Question
1 Approved Answer
complete the second one.. please disregard the first one. MEN (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before
complete the second one.. please disregard the first one.
MEN (Figures in $ millions) Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 30%) Net income Dividends $ 12,700 3,810 4,112 2,368 $ 2,410 660 $ 1,750 525 $ 1, 225 $ 826 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Net property, plant, and equipment Other long-term assets Total assets 84 2,132 162 842 $ 3,220 19,923 4,166 $ 27,309 153 2,390 213 907 3, 663 19,865 3,720 $ $ 27, 248Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started