Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions Income Statement [Abstract] Sales Cost of sales (without depreciation)
CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions Income Statement [Abstract] Sales Cost of sales (without depreciation) Depreciation Gross profit (after depreciation) Selling, general and administrative expenses Research and development expenses Asset impairments and restructuring charges, net Operating earnings Net interest expense Other (income) charges, net Earnings before income taxes provision for income taxes (tax rate: 30%) Net earnings Note: if this figure is postive, it means a charge (expense). If it is negative, it means an income from other (not main) business Question 1 Part 2 EBIT NOPAT Depreciation CAPEX Chang in operating net working capital (ONWC) Free Cash Flow 2017 12 Months Dec. 31, 2017 $ 9,549 6,508 587 699 215 8 241 (35)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Here are the calculations based on the consolidated statemen...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