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Multiplex Inc., a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for 20X5
Multiplex Inc., a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for 20X5 rom the consolidated income statement Sales revenues Rental revenues Income before income taxes Income taxes $590,000,000 41,000,000 70,000,000 21,000,000 From the consolidated balance sheet: Total assets $528,000,000 Multiplex management determined that it had the following operating segments during 20X5: (1) car rental (2) aerospace, (3) communications, (4) health and fitness products, and (5) heavy equipment manufacturing. The company assembled the following information for these industry segments for 20X5 (dollar amounts stated in millions) Car RentalAerospace Communications Fitness Equipment Health/ Heavy Item Sales Rentals Intersegment sales Cost of goods sold Selling expenses Other traceable expenses Allocation of common costs Assets Other information $217 $50 $60 $260 $44 30 178 47 20 8 210 142 52 24 6 3 90 17 19 12 3 80 3 30 8 Depreciation expense (included above) 25 40 6 25 35 50 Capital expenditures Multiplex Inc., a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for 20X5 rom the consolidated income statement Sales revenues Rental revenues Income before income taxes Income taxes $590,000,000 41,000,000 70,000,000 21,000,000 From the consolidated balance sheet: Total assets $528,000,000 Multiplex management determined that it had the following operating segments during 20X5: (1) car rental (2) aerospace, (3) communications, (4) health and fitness products, and (5) heavy equipment manufacturing. The company assembled the following information for these industry segments for 20X5 (dollar amounts stated in millions) Car RentalAerospace Communications Fitness Equipment Health/ Heavy Item Sales Rentals Intersegment sales Cost of goods sold Selling expenses Other traceable expenses Allocation of common costs Assets Other information $217 $50 $60 $260 $44 30 178 47 20 8 210 142 52 24 6 3 90 17 19 12 3 80 3 30 8 Depreciation expense (included above) 25 40 6 25 35 50 Capital expenditures
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