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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).
Cost of sales | $11,601 |
Income Tax Expense | 269 |
Interest Expense | 26 |
Net Earnings | 1489 |
Sales | 16380 |
Selling, General, and administration expenses | 3433 |
Other revenues | 438 |
Total revenues | 16,818 |
Prepare a statement of earnings
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