- Business
- Accounting
- income statement millions of dollars net sales 39579 cogs...
Question: income statement millions of dollars net sales 39579 cogs...
Question details
Income statement (millions of dollars)
|
Net sales |
$ 39,579 |
|
COGS |
$ 12,180 |
|
Other Expenses |
$ 12,147 |
|
Depreciation |
$ 7,554 |
|
EBIT |
$ 7,698 |
|
Interest Expense |
$ 2,055 |
|
Income Before Tax |
$ 5,643 |
|
Tax Expense (35%) |
$ 2,055 |
|
Net income |
$ 3,669 |
|
Dividends |
$ 2,568 |
Balance sheet (millions of dollars)
|
Cash |
$ 300 |
|
Accounts Receivable |
$ 10,000 |
|
Inventories |
$ 5,000 |
|
Other Assets |
$ 3,000 |
|
Property, Plant and Equipment, net |
$100,000 |
|
Other Long-Term Assets |
$ 15,000 |
|
Accounts Payable |
$ 8,000 |
|
Short-Term Debt |
$ 5,000 |
|
Other Current Liabilities |
$ 3,000 |
|
Long-Term Debt & Leases |
$ 25,000 |
|
Other Long-Term Liabilities |
$ 17,000 |
|
Shareholder’s Equity |
$ 30,000 |
g.) Calculate Return on Equity
h.) Calculate Return on Assets
i.)Calculate Net Profit Margin
j.) A firm reported Net Income of $20,200,000 in 2016. The balance of the Retained Earnings Account at the beginning of 2017 was $14,500,000 in 2017 and at the beginning of 2016 the balance of the Retained Earnings account was $11,500,000. What was the total amount of dividends the firm paid in 2016?
Solution by an expert tutor
