Here are simplified financial statements of Phone Corporation from a recent year: INCOME STATEMENT (Figures in millions
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Here are simplified financial statements of Phone Corporation from a recent year:
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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INCOME STATEMENT (Figures in millions of dollars) Net sales Cost of goods sold Other e Depreciation Earnings before interest and taxes (EBI Interest expense Income before tax Taxes Net income Dividends S13,193.00 4,060.00 4,049.00 2.518.00 2,566.00 685.00 1,881.00 658.00 1,223.00 S 856.00 35.00% BALANCE SHEET (Figures in millions of dollars) Assets End of Yearl Start of Year Cash and marketable securities S 89.00 S 158.00 2,382.002,490.00 238.00 932.00 3,818.00 19.973.00 19,915.00 3,770.00 27,714.0027,503.00 Receivables Inventories Other current assets 187.00 867.00 3,525.00 Total current assets Net Other long-term assets Total assets and e 4,216.00 Liabilities and shareholders' e 3,040.00 1,573.00 787.00 5,400.00 6,833.00 6,149.00 9,121.00 Total liabilities and shareholders' S27,714.00S 27,503.00 2,564.00 1.419.00 811.00 4,794.00 7,018.00 6,178.00 9,724.00 Payables Short-term debt Other current liabilities Total current liabilities Long-term debt and leases Other long-term liabilities Shareholders' equity
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Given Data INCOME STATEMENT Figures in millions of dollars Net sales 1319300 Cost of goods sold 4060...View the full answer
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0078034640
7th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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