Question: Preparing an Income Statement and Inferring Missing Values Walgreen Co. is one of the nations leading drugstore chains. Its recent quarterly income statement contained the

Preparing an Income Statement and Inferring Missing Values

Walgreen Co. is one of the nation’s leading drugstore chains. Its recent quarterly income statement contained the following items (in millions). Solve for the missing amounts and prepare an income statement for the quarter ended May 31, 2009.

Cost of sales $11,751

Provision for income taxes* 299

Interest expense 25

Net earnings ?

Net sales 16,210

Pretax income ?

Selling, occupancy, and administration expense 3,613

Total expenses ?

Total revenues ?

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