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Selected financial data of ABC and XYZ for a recent year are presented here (in millions). ABC XYZ Corporation Stores, Inc. Income Statement Data for
Selected financial data of ABC and XYZ for a recent year are presented here (in millions).
ABC | XYZ | |||
Corporation | Stores, Inc. | |||
Income Statement Data for Year | ||||
Net sales | $61,481 | $374,339 | ||
Cost of goods sold | 41,846 | 286,796 | ||
Selling and administrative expenses | 16,250 | 70,904 | ||
Interest expense | 687 | 1,752 | ||
Other income (expense) | 1,879 | 4,246 | ||
Income tax expense | 1,667 | 6,783 | ||
Net income | $ 2,910 | $ 12,350 | ||
Balance Sheet Data (End of Year) | ||||
Current assets | $18,498 | $47,106 | ||
Noncurrent assets | 25,132 | 115,600 | ||
Total assets | $43,630 | $162,706 | ||
Current liabilities | $ 11,430 | $ 58,112 | ||
Long-term debt | 17,548 | 40,796 | ||
Total stockholders' equity | 14,652 | 63,798 | ||
Total liabilities and stockholders' equity | $43,630 | $162,706 | ||
Beginning-of-Year Balances | ||||
Total assets | $37,722 | $151,727 | ||
Total stockholders' equity | 15,734 | 61,390 | ||
Current liabilities | 10,823 | 51,702 | ||
Total liabilities | 22,062 | 89,558 | ||
Other Data | ||||
Average net receivables | $6,873 | $ 3,339 | ||
Average inventory | 6,345 | 34,538 | ||
Net cash provided by operating activities | 4,632 | 20,631 |
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