Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the

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Madison Makeup reported the following on its most recent financial statements (in $ millions). Fill in the highlighted cells.

Miscellaneous financial information	2019	2020
Taxes paid	??	528
Interest expense	963	1,237
Cost of sales	22,704	??
Operating profit	??	4,178
Amortization	77	54
Depreciation	311	279
SG&A and other indirect expenses	6,207	??
Gross profit	??	11,826
Sales	31,567	37,681
Nonoperating income (expense) other than interest	134	185
Note: effective tax rate	25.0%	??
Note: shares outstanding (in millions)	682.0	691.0



	2019	2020
What did Madison Makeup report for gross profit?		XXX
What did Madison Makeup report for operating profit?		XXX
What did Madison Makeup report for net income?
What did Madison Makeup report for earnings per share?
What did Madison Makeup report for EBITDA?
What did Madison Makeup report for costs of sales?	XXX
What did Madison Makeup report for SG&A and other indirect expenses?	XXX
What was Madison Makeup's effective tax rate?	XXX

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Using Financial Accounting Information The Alternative to Debits and Credits

Using Financial Accounting Information The Alternative to Debits and Credits

ISBN: 978-1133161646

7th Edition

Authors: Gary A. Porter, Curtis L. Norton

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Posted Date: Feb 10, 2022 11:37 PM

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