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Sysco Corporation is one of North Americas leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of
Sysco Corporation is one of North Americas leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions).
$11,721 289 Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues 25 1,264 16,310 3,443 432 16, 742 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.) SYSCO CORPORATION Statement of Earnings For the Year Ended June 30, 2018 (in millions of Canadian dollars) Revenues: Total revenues $ 0 Expenses: $ 0 Total pretax expenses Earnings before income taxes Net earningsStep by Step Solution
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