Question
Note the following income statement. How much external funding will this firm require? (If it doesn't require any external funding, enter 0.) 2/1/2020 2/2/2019 CONSOLIDATED
Note the following income statement. How much external funding will this firm require? (If it doesn't require any external funding, enter "0".)
2/1/2020
2/2/2019
CONSOLIDATED STATEMENTS OF OPERATIONS ($ in Millions)
Sales
$ 122,286
$ 121,852
Operating expenses
Cost of Goods Sold
95,294
95,103
Operating, general and administrative
21,208
20,786
Rent
884
884
Depreciation and amortization
2,649
2,465
Operating profit
2,251
2,614
Other income (expense)
Interest expense
(603)
(620)
Non-service component of company-sponsored pension plan costs
(26)
Mark to market gain on Ocado securities
157
228
Net earnings before income tax (benefit) expense
1,981
3,978
Income tax (benefit) expense
469
900
Net earnings including noncontrolling interests
1,512
3,078
Net loss attributable to noncontrolling interests
(147)
(32)
Net earnings
$ 1,659
$ 3,110
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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