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ignore the question. it was mistake . sorry 6. (WORTH 10 POINTS IF ANSWERED CORRECTLY) The following information, based on the 12/31/2021 Annual Report to
ignore the question. it was mistake . sorry
6. (WORTH 10 POINTS IF ANSWERED CORRECTLY) The following information, based on the 12/31/2021 Annual Report to Shareholders of Krafty Foods (S in millions): Accounts payable Accounts receivable (net) Accrued liabilities Cash and cash equivalents Cost of goods sold Other current payables Current portion of long-term debt Other long-term liabilities Retained earnings as of 12/31/2021 Goodwill and other intangible assets (net) Salaries expense Interest and other debt expense, net Inventories Long-term debt Long-term notes payable Marketing, general and administration expenses Operating revenues Other current assets Other noncurrent assets Other shareholders' equity Common stock Property, plant and equipment (net) Short-term borrowings 2,497 3.731 4.705 222 18.131 2,252 600 10,911 2.991 37,757 2,165 2,037 3,626 8,734 5,600 12,060 36,875 747 4,326 (3.168) 24,255 9,709 741 Based on the information presented above, prepare the Income Statement for Krafty Foods for the December 31, 2021. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10) Step by Step Solution
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