From the following income statement (in millions), calculate operating income after tax, using both the top-down and
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Revenue ......... $ 6,450
Cost of goods sold ..... (3,870)
Operating expenses .... (1,843)
Interest expense ...... (135)
Income taxes ....... (181)
Net income ......... $ 421
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Topdown method Revenue 6450 Cost of goods sold 3870 2580 Operating expenses 18...View the full answer
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