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Multiplex Incorporated, a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for
Multiplex Incorporated, a public company whose stock is traded on a national stock exchange, reported the following information on its consolidated financial statements for 20X5: From the consolidated income statement: Sales revenues Rental revenues Income before income taxes Income taxes From the consolidated balance sheet: Total assets $ 564,000,000 34,000,000 65,000,000 20,000,000 $475,000,000 Car Rental $ 34 5 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): Item Sales Rentals Intersegment sales Cost of goods sold Aerospace $ 204 Communications $ 60 Health/Fitness $ 50 Heavy Equipment $ 250 25 141 177 Selling expenses 16 42 29 Other traceable expenses Allocation of common costs Assets 20 420 8 11 7 107 70 912 O 23 37 2 80 520 10 7 195 Other information: Depreciation expense (included above) 4 15 4 Capital expenditures 3 30 15 55 25 40 Additional Information
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