Question: Dell, Inc. is a global information technology company headquartered in Round Rock, Texas. The following is a reproduction of the terms and amounts in the
Dell, Inc. is a global information technology company headquartered in Round Rock, Texas. The following is a reproduction of the terms and amounts in the financial statements contained in the company’s annual report for the fiscal year ended February 3, 2012 (in millions):
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Choose the relevant data and prepare the income statement for the fiscal year. The final three lines of the income statement should be labeled earnings before income taxes, income tax provision, and net income. Also, using the retained earnings account, compute the amount of cash dividends paid during the fiscal year ending February 3, 2012.
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