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Kellogg Company is the world's leading producer of ready - to - eat cereal and a leading producer of grain - based convenience foods such

Kellogg Company is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2027 income statement and balance sheet. (All dollars are in millions.)
Retained earnings
Cost of goods sold
Selling and administrative expenses
Cash
Notes payable
Interest expense
$5,481 Bonds payable
7,184
3,390
334
44
Inventory
Sales revenue
Accounts payable
Common stock
295
Income tax expense
$4,835
910
12,575
1,077
105
498

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