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Rainbow Company 2019 Income Statement (in millions of dollars) Net Sales $ 2,709 Cost of Goods Sold 1,702 Depreciation 80 SGA Expenses 110 R&D Expenses
Rainbow Company 2019 Income Statement (in millions of dollars) Net Sales $ 2,709 Cost of Goods Sold 1,702 Depreciation 80 SGA Expenses 110 R&D Expenses 56 EBIT ? Interest Expense 78 Taxable Income ? Taxes 273 Net Income ? Common Stock Dividends Addition to Retained Earnings
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