Compute P&G's gross profit for each of the years 2015-2017. Explain why gross profit decreased in 2017.

What are P&G's primary revenue sources

B-2 APPENDIX B Specimen Financial Statements: The Procter & Gamble Company 2017 $ 65,058 32,535 18,568 2016 2015 $ 65,299 $ 70,749 32,909 37,056 18,949 20,616 2,028 11,049 1395 Consolidated Statements of Earnings Amounts in millions except per share amounts: Years ended June 30 NET SALES Cost of products sold Selling, general and administrative expense Venezuela deconsolidation charge OPERATING INCOME Interest expense Interest income Other non-operating income/(expense), net EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Income taxes on continuing operations NET EARNINGS FROM CONTINUING OPERATIONS NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS NET EARNINGS Less: Net earnings attributable to noncontrolling interests NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE 11,012 13,955 13,441 465 579 626 171 182 149 (404) 325 440 13,257 13,369 3,342 2,725 10,194 10,027 8,287 5,217 577 (1,143) 15,411 10,604 7,144 85 96 108 $ 15,326 $ 10,508 $ 7,036 3,063 $ 3.79 $ 3.59 $ 0.21 2.01 5.80 $ 2.92 (0.42) 2.50 $ 3.80 $ (1) BASIC NET EARNINGS PER COMMON SHARE: (1) Earnings from continuing operations Earnings/(loss) from discontinued operations BASIC NET EARNINGS PER COMMON SHARE DILUTED NET EARNINGS PER COMMON SHARE: Earnings from continuing operations Earnings/(loss) from discontinued operations DILUTED NET EARNINGS PER COMMON SHARE DIVIDENDS PER COMMON SHARE 3.69 $ 3.49 $ 1.90 0.20 2.84 (0.40 2.44 2.59 5.59 $ 3.69 $ 2.70 $ 2.66 $ Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter Gamble