Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

McKesson Corporation s annual report for the year ended March 31, 2012, includes income statements for three years: ending on March 31, 2010, 2011, and

McKesson Corporation s annual report for the year ended March 31, 2012, includes income statements for three years: ending on March 31, 2010, 2011, and 2012. Net income for these three years is as follows (all in millions): $1,263 (2010), $1,202 (2011), and $1,403 (2012). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $108,702 (2010), $112,084 (2011), and $122,734 (2012).

State each year's net income as a percentage of revenues. (Round your answers to 2 decimal places (i.e .1234 should be entered as 12.34).)

Year Net Income %

2010 %

2011 %

2012 %

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

Health Auditing As A Tool For Quality Care Case Studies

Authors: Camila Freire

1st Edition

6206344169, 978-6206344162

More Books

Students also viewed these Accounting questions