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Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) Retained earnings,
Suppose the following information was taken from the 2022 financial statements of pharmaceutical giant Merck and Co. (All dollar amounts are in millions.) Retained earnings, January 1, 2022 $49,500.0 Cost of goods sold 9,500.0 Selling and administrative expenses 8,300.0 Dividends 3,900.0 Sales revenue 43,700.0 Research and development expense 6,300.0 Income tax expense 2,100.0 After analyzing the data, prepare an income statement for the year ending December 31, 2022. (Enter amounts in millions to 1 decimal place, e.g. 45.5 million.) Merck and Co. Income Statement (in millions) $ > $
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