Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells. Miscellaneous financial information 2019 2020 Taxes
Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells. | ||||
Miscellaneous financial information | 2019 | 2020 | ||
Taxes paid | ?? | 528 | ||
Interest expense | 963 | 1,237 | ||
Cost of sales | 22,704 | ?? | ||
Operating profit | ?? | 4,178 | ||
Amortization | 77 | 54 | ||
Depreciation | 311 | 279 | ||
SG&A and other indirect expenses | 6,207 | ?? | ||
Gross profit | ?? | 11,826 | ||
Sales | 31,567 | 37,681 | ||
Nonoperating income (expense) other than interest | 134 | 185 | ||
Note: effective tax rate | 25.0% | ?? | ||
Note: shares outstanding (in millions) | 682.0 | 691.0 | ||
2019 | 2020 | |||
What did Madison Makeup report for gross profit? | XXX | |||
What did Madison Makeup report for operating profit? | XXX | |||
What did Madison Makeup report for net income? | ||||
What did Madison Makeup report for earnings per share? | ||||
What did Madison Makeup report for EBITDA? | ||||
What did Madison Makeup report for costs of sales? | XXX | |||
What did Madison Makeup report for SG&A and other indirect expenses? | XXX | |||
What was Madison Makeup's effective tax rate? | XXX |
Step by Step Solution
★★★★★
3.39 Rating (152 Votes )
There are 3 Steps involved in it
Step: 1
Miscellaneous financial information 2019 2020 Taxes paid 457 528 Interest expense 963 1237 Cost of s...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