Use the information in the statements below to calculate financial cash flow of the company in year
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Use the information in the statements below to calculate financial cash flow of the company in year 2017.
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Income Statement [Abstract] Sales Cost of sales (without depreciation) Depreciation CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS- USD ($) $ in Millions Gross profit (after depreciation) Selling, general and administrative expenses Research and development expenses Asset impairments and restructuring charges, net Operating earnings Net interest expense Other (income) charges, net Earnings before income taxes provision for income taxes (tax rate: 30%) Net earnings Note: if this figure is postive, it means a charge (expense). If it is negative, it means an income from other (not main) business 12 Months Ended Dec. 31, 2017 $ 9,549 6,508 587 2,454 699 215 8 1,532 241 (35) 1,326 398 928 Income Statement [Abstract] Sales Cost of sales (without depreciation) Depreciation CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS- USD ($) $ in Millions Gross profit (after depreciation) Selling, general and administrative expenses Research and development expenses Asset impairments and restructuring charges, net Operating earnings Net interest expense Other (income) charges, net Earnings before income taxes provision for income taxes (tax rate: 30%) Net earnings Note: if this figure is postive, it means a charge (expense). If it is negative, it means an income from other (not main) business 12 Months Ended Dec. 31, 2017 $ 9,549 6,508 587 2,454 699 215 8 1,532 241 (35) 1,326 398 928
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
Posted Date:
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