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Walgreen Co. is one of the nation's leading drugstore chains. Its recent income statement contained the following items (in millions) Cost of sales Provision for
Walgreen Co. is one of the nation's leading drugstore chains. Its recent income statement contained the following items (in millions) Cost of sales Provision for income taxes* Interest expense Net earnings Net sales Pretax income Selling, general, and administration expense Other income Total expenses Total revenues/income $ 51,692 1,580 71 2,714 72,184 4,294 16,561 434 68,324 72,618 Note that "Provision for income taxes" is a common synonym for "Income tax expense." Prepare an income statement for the year ended August 31, current year. (Enter your answers in millions.) Prepare an income statement for the year ended August 31, current year. (Enter your answers in millions.) WALGREEN CO Income Statement (in millions) Revenues Net sales Cost of sales Other income Total revenues/income Expenses: Interest expense Selling, general and administration expense Total expenses Pretax income Provision for income taxes Net earnings
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