Question
Using the income statement provided on page 47 please answer the follwoing questions This is the annual report below http://investors.cvshealth.com/~/media/Files/C/CVS-IR-v3/reports/annual-report-2016.pdf 1) Profitability - How did
Using the income statement provided on page 47 please answer the follwoing questions
This is the annual report below
http://investors.cvshealth.com/~/media/Files/C/CVS-IR-v3/reports/annual-report-2016.pdf
1) Profitability - How did the overall profitability of the corporation change in the current year?
2) What items in the income statement explain the change in income from continuing operations as a percentage of sales?
2) Generally accepted accounting principles require amounts related to discontinued operations and extraordinary items to be shown, net of taxes, at the bottom of the income statement. If any of these items are present, describe the nature and amount.
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