Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need yo fix this Income Statement. The numbers in orange were given and are right, the unhighlighted other part is not right. Thank you!!

image text in transcribed

I need yo fix this Income Statement.

The numbers in orange were given and are right, the unhighlighted other part is not right.

Thank you!!

COLGATE-PALMOLIVE COMPANY INCOME STATEMENT Actual 2009 15327 Net Sales YOY % change Cost of Products Sold Gross Margin Gross Margin % Shipping and handling % of Sales Selling, general and administrative expenses (excluding shippinh and handling) % of Sales Other Income % of Sales Operating Income Operating Margin % Interest Expense Earnings Before Income Taxes Provision for income taxes (Income Tax Expense) 6319 9008 58.8% 1116 7.3% 4166 27.2% 111 0.7% 3615 23.6% 77 3538 1141 2397 106 2291 6041 Net income including noncontrolling interests Less: Net income attributable to noncontrolling interests Net income attributable to Colgate-Palmolive Company Earnings Before Taxes Taxes on Earnings Tax Rate Net Earnings Net EPS Weighted Average Shares Outstanding 0 0.0% 6041 46.72 129.3 4.53 Earnings per common share, basic Earnings per common share, diluted 4.37

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Auditing and Other Assurance Services

Authors: Ray Whittington, Kurt Pany

19th edition

978-0078025617

Students also viewed these Accounting questions