Question
Instructions: : You need to show your clear calculation to support each statement provide a paragraph of interpretation related to the result of your analysis
Instructions:: You need to show your clear calculation to support each statement provide a paragraph of interpretation related to the result of your analysis on each statement.
Question 1: Common size for income statement Income Statement (Common Size) :
Consolidated Income Statement
| 2011 | % | 2010 | % |
Revenue | $19,176.1 |
| $18,627.0 |
|
Cost of sales | ( 10,571.7) |
| ( 10,239.6 ) |
|
Gross Profit | 8,604.4 |
| 8,387.4 |
|
Selling and administrative expenses | ( 6,149.6) |
| ( 5,953.7) |
|
Restructuring charges | ( 195.0) |
| 0.0 |
|
Goodwill impairment | ( 199.3) |
| 0.0 |
|
Intangible and other asset impairment | ( 202.0) |
| 0.0 |
|
Other income (expenses) | 88.5 |
| ( 7.9 ) |
|
Operating Income | $ 1,947.0 |
| $ 2,425.8 |
|
Interest and other income | 49.7 |
| 115.8 |
|
Interest expense | ( 40.2) |
| ( 38.7) |
|
Income before income taxes | $ 1,956.5 |
| $ 2,502.9 |
|
Provision for income taxes | ( 469.8) |
| ( 619.8) |
|
Net Income | $ 1,486.7 |
| $ 1,883.4 |
|
Step 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