Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(Part one of the question) Income statements and balance sheets follow for E.I. DuPont de Nemours and Company. Refer to these financial statements to answer

image text in transcribedimage text in transcribed

(Part one of the question) Income statements and balance sheets follow for E.I. DuPont de Nemours and Company. Refer to these financial statements to answer the requirements. 1. E. I. du Pont de Nemours and Company Consolidated Income Statements For The Year Ended December 31 $ milions) 2016 2015 S 25,130 15,571 4,615 1,898 (697) 342 $24,594 15,155 Net sales Cost of goods sold and other operating charges Selling. general and administrative expenses Research and development expense Other (income) expense, net Interest expense Employee separation/asset related charges(income), 4,319 1,641 (708) 370 net Income from continuing operations before income taxes Provision for income taxes on continuing operations Income from continuing operations after income taxes Income from discontinued operations after income 552 3,265 744 2,521 810 2,591 696 1,895 64 taxes Net income Less: Net income attributable to no controlling interests Net income attributable to DuPont 2,525 12 $2,513 1959 1,953 E, I. du Pont de Nemours and Company Consolidated Balance Sheets As of December 31 (S millions) 2016 2015 Assets Cash and cash equivalents Marketable securities Accounts and notes receivable, net Inventories Prepaid expenses Total current assets $4,605 1,362 4,971 5,673 506 17,117 S 5,300 906 4,643 6,140 398 17,387 Net property, plant and equipment GoodwilI Other intangible assets Investment in affiliates 9,231 4,180 3,664 649 9,784 4,248 4,144 688

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

Auditing Cases An Interactive Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

4th Edition

0132423502, 978-0132423502

More Books

Students also viewed these Accounting questions

Question

=+16.5. About Theorem 16.8:

Answered: 1 week ago

Question

Consider some type of redress for the customer, such as a coupon.

Answered: 1 week ago

Question

Sell the quality of your brand or products.

Answered: 1 week ago