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Select a publicly traded company as well as one of their competitors within the same industry and gather the latest two years of their financial

Select a publicly traded company as well as one of their competitors within the same industry and gather the latest two years of their financial statements.Prepare a horizontal analysis, vertical analysis, common-sized statement, and the following ratios: current ratio, cash ratio, acid-test ratio, inventory turnover ratio, days sales in inventory ratio, days sales in receivables, and the gross profit percentage (if you feel that additional ratios will support your findings in relation to the overall financial state of the company feel free to include them in your analysis).

My team is doing walmart vs target

I NEED TO MAKE A COMMON SIZED INCOME STATEMENT AND BALANCE SHEET.

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Target 2019 and 2019 Ratio Analysis 1. Current ratio 1292 1407 2. Cash ratio 0.1779 3. Acid-test ratio 4. Inventory turnover ratio 5. Days' sales in receivable Days' sales in receivable - 365 / Account receivable turnover ratio 365/81 -4.5day 2018 365/784.7days 6. Gross profit percentage formula Gross profit percentage formula Gross profit/ sales revenue 20897/78112 -26.73 2018 19833 / 73356 - 26.3% All values in USD Millions Walmart 2019 and 2019 Ratio Analysis 1. Current ratio 2018 Current Art 2. Cash ratio Cash cash equivalent Current ability 77790 3. Acid-test ratio Short-term investimento Current receivable 6284 Total current Liability 77790 Acid-test rate 4. Inventory turnover ratio 2019 2018 Cost of goods sold 394605 185301 5. Days' sales in receivable Dwys sales in recevable 365 / Account receivable turnover ratio 2019 145/8- 4.4days 2018 1 /2 4.5days 6. Gross profit percentage formula Gross profit percentage formula-Gross profit/ sales revenue 2019 129359/523964 - 24.7% 2018 129104 / 514405- 25.1% All values in USD M om Horizontal Analysis For Walmart Inc. 2019 2018 2017| 6.00% -10.54% 5 .87% 3.00 0.57% 29 Membership and other income Total revenues 1 Costs and expenses: Cost of sales Operating, sellins, general and administrative Operating income 5.20% -3.55% 2.-160 4.572 -10.229 Statements of Income For Walmart Inc. for the Fiscal Years Ended January 31, Amounts in millions, except per share data) 2019 2018 2017 Revenues: Net sales 510.3291 495.7611 481.317 Membership and other income 4.0761 4.5821 4.556 Total revenues 514.4051 500.3431 435.873 Costs and expenses: Cost of sales 385,3011 373,396 361,256 Operating, selline, general and administrative 107.147 106,510 101,853 Operating income 21.957) 20.4371 22.764 Interest: Debt 1,975 1,978 2,044 Finance, capital lease and financing obligations Interest income -100 2.1291 2.1781 2.267 Loss on extinguishment of debt 3,136 Other (gains) and losses 8.3681 Income before income taxes 11,460 15,123 20.497 Provision for income taxes 4,281 4,600 6,204 Consolidated net income 7.1791 10.523|| 14.293 Consolidated net income attributable to noncor -5091 Consolidated net income attributable to Walmal 6.6701 9.862 13.643 -3.38% -3.22 3731 14.849 1527 8.988 52.00% -3.9381 Interest 6094 Debt Finance, capital lease and financing obligations Interest income Interest, net Loss on extinguishment of debt Other (pairs) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncon Consolidated net income attributable to Walmal -44.099 -31.00 -49.773 -21.699 -51.11% -26.229 -25.85% -26.38% -27.718 Horizontal Analysis for Target Corporation Amounts in millions, except per share data Statements of Income For Target Corporation, for the Fiscal Years Ended January 31 Amounts in millions, except per share data) 2019 2018 2017 Netcarnis 32811 Other comprehensive income net of tax Pension and other benefit s , net of tax 125 Net Garning Other comprehensive con/income net of tax Pension and other benefit s , net of tax 3250.00% 2700.00% Currency translation adjustedesch flow heco Other comarchenthe income Come income Currency traston adjustedeschow heco Other comarchens om. Come income 10139 Walmart Inc. Comparative Year-End Balance Sheet" Vertical Analysis Walmart Inc. Comparative Year-End Income Statement Vertical Analysis 2019 % of Total 2018 % of Total 2019 514,405 385,3011 129,104 % of Total 100.0% 74,9% 25.11 2018 49.909 373.396 126 513 % of Total 100.0% 74,7 5 6.756 25,3% 2.93 5.614 2.73 20.75 Assets Current Assets: Cash & Cash Equivalents Accounts Recetvable inet Inventories MISC. Current Assets Total Current Assets Property, Plant, Equipment inet) Long-term Investments Other Assets Total Assets 7.756 6.283 44 269 3.589 61.897 111.3951 105,947 23,157 20.6% 4.5% 105,310 21.203 42% 3.511 59.664 114.818 29.23 56.13 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, Generalit Admin Expenses Operating Income Other Income Expenses: Interest Expense Misc. Income Expenses Total Other Income & Expenses Income Before Income Taxes Minority Interest Expense Income Tax Expense Net Income 50.83 0.5% 2.395 9.302 2.331 3.749 0.50 0.0% 0.05. 0.7% 46.003 219 295 21.030 100.0% 30.040 204.5221 2.35 2.2% 100.0% 15,123 661 1.2 3.08 0.15 0,9% 11,460 509 4.281 6.670 0.131 1. 9.862 2.45 5.257 5.225 2.605 47060 4.405 46,092 2.28 *All values in USD Millions Fiscal year is February January. 22.5 21.5% 0.23 0.33 Liabilities Current Liabilities: Short Term Debt Current Portion of Long Debt Accounts Payable Income Tax Payable Other Current Liabilities: Accrued Payroll Misc. Current Liabilities Total Current Liabilities Long-term Liabilities Provision for Risks & Charges 15.6551 35.33 22.93 15.1241 78.5211 36.825 50.203 18.05 0.13 175 4.500 2.13 1.05. 1,952 6218 Other Liabilities Total Liabilities 139.661 6373 12700 60.55 Stockholders' Equity Common Stock Retained Earnings Accumulated Minority interest Total Stockholders' Equity Total Liabilities & Stockholders Equity 80.785 41.63 36.83 3.331 36.33 100.0% 85 107 2.953 80.822 204.522 79.6341 219 295 39.53 100.0% *All values in USD Millions. **Fiscal years Februay January. Target Comparative Year-End Balance Sheet** Vertical Analysis 2019 % of Total 2018 % of Total 2,577 962 8,992 6.096 2.2% 21.096 1,556 962 8,992 3.896 2.39 21.8961 Assets Current Assets: Cash & Cash Equivalents Accounts Receivable (net) Inventories Other Current Assets: Prepaid Expenses Misc. Current Expenses Total Current Assets: Property. Plant, & Equipment (net) Long-term Investments Other Assets Total Assets 154 217 12.902 28.519 418 940 42.7791 0.496 0.596 30.296 66.796 1.096 2.2% 100 0961 157 209 12,519 27.498 380 893 41,290 0.496 0.59 30.3961 66.6961 0.9961 2.296 100 096 Liabilities Current Liabilities: Accounts Payable Dividends Payable Accrued Payroll Misc Current Liabilities Total Current Liabilities Long-term Liabilities Provision for Risks & Charges Deferred Taxes - Credit Other Liabilities Total Liabilities 9,920 333 1,313 2,921 14,487 13,613 107 1,122 1,617 30,946 23.2% 0.896 3.196 6.896 33.996 31.8% 0.396 2.6% 3.8% 72.3% 2.3% 9,761 331 1.371 3,551 15,014 12,227 40 972 1.740 29,993 23.691 0.896 3.3961 8.696 36.4961 29.6% 0.196/ 2.496 4.2% 72.6% 7 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 5,400 6,433 11,833 42,779 12.6% 15.0% 7.7% 100.0% 5,280 6,017 11,297 41,290 12.8% 14.6% 27.496 100.096 2 *All values in USD Millions. **Fiscal year is February-January. 2019 2018 2017 Liabilities and shareholders' investme 9,7613677 7252 Accounts payable Accrued and other current liabilitie Current portion of long-term debt and Total current liabilities 1,052 15,014 281 13,052 1,718 12,707 11,031 Long-term debt and other borrowing Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total Assets Total noncurrent liabilities 10,223 2004 972 1,780 41,290 14,979 11.117 1.924 693 1,866 861 1,879 15,600 13,771 43 45 Shareholders' investment Common stock Additional paid in capital Retained earnings Accumulated other comprehensive lo Total shareholders' investment 6,042 6,017 -805 11,297 5,858 6.495 -747 11.651 46 5,661 5,884 -638 10,953 Total liabilities and shareholders' investment 41,290 40,303 37 431 2017 Balance sheet for Target Corporation as of Jan 31, (in Millions) 2019 2018 Current Assets Cash and cash equivalents 1,556 2,643 Inventory 9,497 8,597 Other current assets 1,466 1,300 Total current assets 12,519 12,540 2,512 8,309 1,169 11,990 | Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets 6,0646,0956,106 29,240 28,131 27,611 5,912 5,623 5,503 2,544 2.645 2,651 460440200 -18,687 -18,398 -17,413 25,533 24,536 24,658 1,965 1,884 1,273 1.343 7 83 Total assets 41,290 40,303 37,431 2017 balance sheet or wamart Inc as olan 31 in Milons) 20191 2018 Current Assets Cash and cash equivalents 7.722 6.758 Receivables, net 6283 5614 Inventories 442691 43783 Prepaid expenses and other 3623 3,511 Total current assets 61 897 59.004 6867 5835 43046 1.941 57689 Property and equipment, net Goodwill Other long-term assets Total assets 104 317107675 7078 7143 31,181 18242 14,822 11,798 219 295 204522 107710 6,468 17.037 9921 198 825 LIABILITIES AND EQUITY Current liabilities Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes 5.225 47,080 22 159 4281 5.257 1.099 46,092 41,433 2212220654 6451 921 2019 2017 Long-term debt due within one year 18761 729 77 477 2018 3.738 887 78 521 565 66928 Total current liabilnes 30.0451 Long-term debt Long-term captal ease and financing obligations Deferred income taxes and other 43.5201 6,683 11.981 8.780 36,015 6,003 9344 8,354 Equity Common stock Capital in excess of par value Retained earings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 288 2965 80,7851 -11.542| 72498 7,138 79634 219.295 2951 2648 85. 1071 -10.181 77 869 2.953 80 822 204,522 305 2371 89,354 - 14,232) 77 798 2,737 80.535 198,825 Target Comparative Year-End Income Statement** Vertical Analysis 2019 75,356 55,523 19,833 % of Total 100.0% 73.7% 26.3% 2018 72,714 53,350 19,364 % of Total 100.0% 73.4% 26.6% 15,723 4,1101 20.9% 5.5% 15,140 4,224 20.8% 5.8% Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, General, Admin Expenses Operating Income Other Income & Expenses: Interest Expense Misc. Income & Expenses Total Other Income & Expenses Income Before Income Taxes Income Tax Expense Net Income 459 -25 434 3,676 746 2,930 0.6% 0.0% 0.6% 4.9% 1.0% 3.9% 539 55 594 3,630 722 2,908 0.7% 0.1% 0.8% 5.0% 1.0%) 4.0%) *All values in USD Millions. **Fiscal year is February-January. Walmart Inc. Comparative Year-End Income Statement** Vertical Analysis 2018 2019 514,405 385,301 129,104 % of Total 100.0% 74.9% 25.1% 499,909 373,396 126,513 % of Total 100.0% 74.7% 25.3% 105,947 23,157 20.6% 4.5% 105,310 21,203 21.1% 4.2% Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, General & Admin Expenses Operating Income Other Income & Expenses: Interest Expense Misc. Income & Expenses Total Other Income & Expenses Income Before Income Taxes Minority Interest Expense Income Tax Expense Net Income 2,395 9,302 11,6971 11,460 509 4,281 6,670 0.5% 1.8% 2.3% 2.2% 0.1% 0.8% 1.3% 2,331 3,749 6,080 15,123 661 4,600 9,862 0.5% 0.7% 1.2% 3.0% 0.1% 0.9% 2.0% *All values in USD Millions. **Fiscal year is February-January. Target 2019 and 2019 Ratio Analysis 1. Current ratio 1292 1407 2. Cash ratio 0.1779 3. Acid-test ratio 4. Inventory turnover ratio 5. Days' sales in receivable Days' sales in receivable - 365 / Account receivable turnover ratio 365/81 -4.5day 2018 365/784.7days 6. Gross profit percentage formula Gross profit percentage formula Gross profit/ sales revenue 20897/78112 -26.73 2018 19833 / 73356 - 26.3% All values in USD Millions Walmart 2019 and 2019 Ratio Analysis 1. Current ratio 2018 Current Art 2. Cash ratio Cash cash equivalent Current ability 77790 3. Acid-test ratio Short-term investimento Current receivable 6284 Total current Liability 77790 Acid-test rate 4. Inventory turnover ratio 2019 2018 Cost of goods sold 394605 185301 5. Days' sales in receivable Dwys sales in recevable 365 / Account receivable turnover ratio 2019 145/8- 4.4days 2018 1 /2 4.5days 6. Gross profit percentage formula Gross profit percentage formula-Gross profit/ sales revenue 2019 129359/523964 - 24.7% 2018 129104 / 514405- 25.1% All values in USD M om Horizontal Analysis For Walmart Inc. 2019 2018 2017| 6.00% -10.54% 5 .87% 3.00 0.57% 29 Membership and other income Total revenues 1 Costs and expenses: Cost of sales Operating, sellins, general and administrative Operating income 5.20% -3.55% 2.-160 4.572 -10.229 Statements of Income For Walmart Inc. for the Fiscal Years Ended January 31, Amounts in millions, except per share data) 2019 2018 2017 Revenues: Net sales 510.3291 495.7611 481.317 Membership and other income 4.0761 4.5821 4.556 Total revenues 514.4051 500.3431 435.873 Costs and expenses: Cost of sales 385,3011 373,396 361,256 Operating, selline, general and administrative 107.147 106,510 101,853 Operating income 21.957) 20.4371 22.764 Interest: Debt 1,975 1,978 2,044 Finance, capital lease and financing obligations Interest income -100 2.1291 2.1781 2.267 Loss on extinguishment of debt 3,136 Other (gains) and losses 8.3681 Income before income taxes 11,460 15,123 20.497 Provision for income taxes 4,281 4,600 6,204 Consolidated net income 7.1791 10.523|| 14.293 Consolidated net income attributable to noncor -5091 Consolidated net income attributable to Walmal 6.6701 9.862 13.643 -3.38% -3.22 3731 14.849 1527 8.988 52.00% -3.9381 Interest 6094 Debt Finance, capital lease and financing obligations Interest income Interest, net Loss on extinguishment of debt Other (pairs) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncon Consolidated net income attributable to Walmal -44.099 -31.00 -49.773 -21.699 -51.11% -26.229 -25.85% -26.38% -27.718 Horizontal Analysis for Target Corporation Amounts in millions, except per share data Statements of Income For Target Corporation, for the Fiscal Years Ended January 31 Amounts in millions, except per share data) 2019 2018 2017 Netcarnis 32811 Other comprehensive income net of tax Pension and other benefit s , net of tax 125 Net Garning Other comprehensive con/income net of tax Pension and other benefit s , net of tax 3250.00% 2700.00% Currency translation adjustedesch flow heco Other comarchenthe income Come income Currency traston adjustedeschow heco Other comarchens om. Come income 10139 Walmart Inc. Comparative Year-End Balance Sheet" Vertical Analysis Walmart Inc. Comparative Year-End Income Statement Vertical Analysis 2019 % of Total 2018 % of Total 2019 514,405 385,3011 129,104 % of Total 100.0% 74,9% 25.11 2018 49.909 373.396 126 513 % of Total 100.0% 74,7 5 6.756 25,3% 2.93 5.614 2.73 20.75 Assets Current Assets: Cash & Cash Equivalents Accounts Recetvable inet Inventories MISC. Current Assets Total Current Assets Property, Plant, Equipment inet) Long-term Investments Other Assets Total Assets 7.756 6.283 44 269 3.589 61.897 111.3951 105,947 23,157 20.6% 4.5% 105,310 21.203 42% 3.511 59.664 114.818 29.23 56.13 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, Generalit Admin Expenses Operating Income Other Income Expenses: Interest Expense Misc. Income Expenses Total Other Income & Expenses Income Before Income Taxes Minority Interest Expense Income Tax Expense Net Income 50.83 0.5% 2.395 9.302 2.331 3.749 0.50 0.0% 0.05. 0.7% 46.003 219 295 21.030 100.0% 30.040 204.5221 2.35 2.2% 100.0% 15,123 661 1.2 3.08 0.15 0,9% 11,460 509 4.281 6.670 0.131 1. 9.862 2.45 5.257 5.225 2.605 47060 4.405 46,092 2.28 *All values in USD Millions Fiscal year is February January. 22.5 21.5% 0.23 0.33 Liabilities Current Liabilities: Short Term Debt Current Portion of Long Debt Accounts Payable Income Tax Payable Other Current Liabilities: Accrued Payroll Misc. Current Liabilities Total Current Liabilities Long-term Liabilities Provision for Risks & Charges 15.6551 35.33 22.93 15.1241 78.5211 36.825 50.203 18.05 0.13 175 4.500 2.13 1.05. 1,952 6218 Other Liabilities Total Liabilities 139.661 6373 12700 60.55 Stockholders' Equity Common Stock Retained Earnings Accumulated Minority interest Total Stockholders' Equity Total Liabilities & Stockholders Equity 80.785 41.63 36.83 3.331 36.33 100.0% 85 107 2.953 80.822 204.522 79.6341 219 295 39.53 100.0% *All values in USD Millions. **Fiscal years Februay January. Target Comparative Year-End Balance Sheet** Vertical Analysis 2019 % of Total 2018 % of Total 2,577 962 8,992 6.096 2.2% 21.096 1,556 962 8,992 3.896 2.39 21.8961 Assets Current Assets: Cash & Cash Equivalents Accounts Receivable (net) Inventories Other Current Assets: Prepaid Expenses Misc. Current Expenses Total Current Assets: Property. Plant, & Equipment (net) Long-term Investments Other Assets Total Assets 154 217 12.902 28.519 418 940 42.7791 0.496 0.596 30.296 66.796 1.096 2.2% 100 0961 157 209 12,519 27.498 380 893 41,290 0.496 0.59 30.3961 66.6961 0.9961 2.296 100 096 Liabilities Current Liabilities: Accounts Payable Dividends Payable Accrued Payroll Misc Current Liabilities Total Current Liabilities Long-term Liabilities Provision for Risks & Charges Deferred Taxes - Credit Other Liabilities Total Liabilities 9,920 333 1,313 2,921 14,487 13,613 107 1,122 1,617 30,946 23.2% 0.896 3.196 6.896 33.996 31.8% 0.396 2.6% 3.8% 72.3% 2.3% 9,761 331 1.371 3,551 15,014 12,227 40 972 1.740 29,993 23.691 0.896 3.3961 8.696 36.4961 29.6% 0.196/ 2.496 4.2% 72.6% 7 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 5,400 6,433 11,833 42,779 12.6% 15.0% 7.7% 100.0% 5,280 6,017 11,297 41,290 12.8% 14.6% 27.496 100.096 2 *All values in USD Millions. **Fiscal year is February-January. 2019 2018 2017 Liabilities and shareholders' investme 9,7613677 7252 Accounts payable Accrued and other current liabilitie Current portion of long-term debt and Total current liabilities 1,052 15,014 281 13,052 1,718 12,707 11,031 Long-term debt and other borrowing Noncurrent operating lease liabilities Deferred income taxes Other noncurrent liabilities Total Assets Total noncurrent liabilities 10,223 2004 972 1,780 41,290 14,979 11.117 1.924 693 1,866 861 1,879 15,600 13,771 43 45 Shareholders' investment Common stock Additional paid in capital Retained earnings Accumulated other comprehensive lo Total shareholders' investment 6,042 6,017 -805 11,297 5,858 6.495 -747 11.651 46 5,661 5,884 -638 10,953 Total liabilities and shareholders' investment 41,290 40,303 37 431 2017 Balance sheet for Target Corporation as of Jan 31, (in Millions) 2019 2018 Current Assets Cash and cash equivalents 1,556 2,643 Inventory 9,497 8,597 Other current assets 1,466 1,300 Total current assets 12,519 12,540 2,512 8,309 1,169 11,990 | Property and equipment Land Buildings and improvements Fixtures and equipment Computer hardware and software Construction-in-progress Accumulated depreciation Property and equipment, net Operating lease assets Other noncurrent assets 6,0646,0956,106 29,240 28,131 27,611 5,912 5,623 5,503 2,544 2.645 2,651 460440200 -18,687 -18,398 -17,413 25,533 24,536 24,658 1,965 1,884 1,273 1.343 7 83 Total assets 41,290 40,303 37,431 2017 balance sheet or wamart Inc as olan 31 in Milons) 20191 2018 Current Assets Cash and cash equivalents 7.722 6.758 Receivables, net 6283 5614 Inventories 442691 43783 Prepaid expenses and other 3623 3,511 Total current assets 61 897 59.004 6867 5835 43046 1.941 57689 Property and equipment, net Goodwill Other long-term assets Total assets 104 317107675 7078 7143 31,181 18242 14,822 11,798 219 295 204522 107710 6,468 17.037 9921 198 825 LIABILITIES AND EQUITY Current liabilities Short-term borrowings Accounts payable Accrued liabilities Accrued income taxes 5.225 47,080 22 159 4281 5.257 1.099 46,092 41,433 2212220654 6451 921 2019 2017 Long-term debt due within one year 18761 729 77 477 2018 3.738 887 78 521 565 66928 Total current liabilnes 30.0451 Long-term debt Long-term captal ease and financing obligations Deferred income taxes and other 43.5201 6,683 11.981 8.780 36,015 6,003 9344 8,354 Equity Common stock Capital in excess of par value Retained earings Accumulated other comprehensive loss Total Walmart shareholders' equity Noncontrolling interest Total equity Total liabilities and equity 288 2965 80,7851 -11.542| 72498 7,138 79634 219.295 2951 2648 85. 1071 -10.181 77 869 2.953 80 822 204,522 305 2371 89,354 - 14,232) 77 798 2,737 80.535 198,825 Target Comparative Year-End Income Statement** Vertical Analysis 2019 75,356 55,523 19,833 % of Total 100.0% 73.7% 26.3% 2018 72,714 53,350 19,364 % of Total 100.0% 73.4% 26.6% 15,723 4,1101 20.9% 5.5% 15,140 4,224 20.8% 5.8% Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, General, Admin Expenses Operating Income Other Income & Expenses: Interest Expense Misc. Income & Expenses Total Other Income & Expenses Income Before Income Taxes Income Tax Expense Net Income 459 -25 434 3,676 746 2,930 0.6% 0.0% 0.6% 4.9% 1.0% 3.9% 539 55 594 3,630 722 2,908 0.7% 0.1% 0.8% 5.0% 1.0%) 4.0%) *All values in USD Millions. **Fiscal year is February-January. Walmart Inc. Comparative Year-End Income Statement** Vertical Analysis 2018 2019 514,405 385,301 129,104 % of Total 100.0% 74.9% 25.1% 499,909 373,396 126,513 % of Total 100.0% 74.7% 25.3% 105,947 23,157 20.6% 4.5% 105,310 21,203 21.1% 4.2% Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling, General & Admin Expenses Operating Income Other Income & Expenses: Interest Expense Misc. Income & Expenses Total Other Income & Expenses Income Before Income Taxes Minority Interest Expense Income Tax Expense Net Income 2,395 9,302 11,6971 11,460 509 4,281 6,670 0.5% 1.8% 2.3% 2.2% 0.1% 0.8% 1.3% 2,331 3,749 6,080 15,123 661 4,600 9,862 0.5% 0.7% 1.2% 3.0% 0.1% 0.9% 2.0% *All values in USD Millions. **Fiscal year is February-January

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