Refer to the IBM information in Exhibit 4-5. Compute the overall gross profit percentage for 2007, 2008,
Question:
In Exhibit 4-5
Transcribed Image Text:
Consolldated statement of Earnings (USD $) In Millilons, except Share data 12 Months Ended Dec. 31, 2009 Dec. 31, 2008 Dec. 31, 2007 $58,892 Selling. general and administrative Research, development and engineering (Note Q). Intellectual property and custom development income Other (income) and expense Interest expense (Notes K&L Income from continuing operations before income taxes. Provision for income taxes (Note P) Income from continuing operations Income/(loss) from discontinued operations, net of tax $13.425 Earnings/(loss) per share of common stock, assuming dilution: Continuing operations (Note R) Earnings/(loss) per share of common stock, basi: Continuing operations (Note R) $ 10.12 Weighted-average number of common shares outstanding: 1,341,352,754 1,387,797,198 1,456,880,751 1,327,157,410 1,369,367,069 1,433,935,221
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
2007 Gross profit Revenues 4...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Refer to the IBM information in Exhibit 4-5. Compute income from continuing operations as a percentage of total revenue for 2007, 2008, and 2009. In exhibit 4-5 Consolldated statement of Earnings...
-
Refer to the IBM information in Exhibit 4-5. Compute income from continuing operations as a percentage of total revenue for 2004, 2005, and 2006.
-
Exhibit 5.24 presents balance sheets for 2007 and 2008 for Whole Foods; Exhibit 5.25 presents income statements for 20062008. Required a. Prepare the standard Dupont decomposition of ROCE. Use...
-
Payroll Assignment - (50 Marks) The following employees are working in the ABC Clinic, they are paid biweekly. Calculate the gross income, net income, and the total remittance that ABC is to report...
-
Robert Michels met Allison Formal through an online dating Web site in 2002. Michels represented himself as the retired chief executive officer of a large company that he had sold for millions of...
-
A manufacturer of novelty items is undecided about the price to charge for a new product. The marketing manager knows that it should sell for about $10 but is unsure of whether sales will vary...
-
Explain several implications of IFRS on financial reporting by health care organizations.
-
a. Prepare a table of entities and activities for the Cornick, Inc. process described below. Cornick, Inc. Cornick, Inc. sells office products to businesses in the eastern region of the United...
-
Plot the exchange rate of US dollars against 3 other foreign currencies in separate figures from December 1st, 2019 to February 28th, 2023. Note: the exchange rate is defined as how much foreign...
-
Due to the integrated nature of their capital markets, investors in both the United States and the U.K. require the same real interest rate, 2.5 percent, on their lending. There is a consensus in...
-
The consolidated statement of income for Ford Motor Company appears below. 1. What do you notice about the way revenues and expenses are partitioned? 2. For the Automotive division, compute the ratio...
-
Why does the FASB treat interest payments as an operating activity rather than as a financing activity?
-
Suppose you increase the temperature of a reaction from 100C to 200C and the reaction gets three times as fast. (a) Would the rate constant for the reaction at 100C be equal to the rate constant for...
-
40. Two identical strings (same mass and length), each fixed at both ends, are arranged near each other. If string A starts oscillating in its fundamental mode, it is observed that string B will...
-
A firm is trying to choose between 3 investments, all have a cost of capital of 11%. Year Project 1 Project 2 Project 3 Initial outlay $100,000 120,000 50,000 1 $ 10,000 32,000 10,000 2 20,000 32,000...
-
Discuss and analyzePlan Procurement Management,Conduct Procurement, and Control Procurement. How they applied toinvestigate a new drug's efficacy in treating a particular condition procurement...
-
Fairlane Company has an ROA of 8 . 6 percent and a payout ratio of 3 3 percent. What is its internal growth rate? Do not round intermediate calculations and enter your answer as a percent rounded to...
-
Sangarwe will deposit $ 3 0 0 every quarter into an investment annuity earning 4 . 5 % compounded quarterly for seven years. What is the difference in the amount of money that she will have after...
-
A person can blink an eye in approximately 7 ms. At what speed (in revolutions per minute) would a four-stroke engine be operating if its power stroke took place literally in the blink of an eye? Is...
-
Suppose that A is an m n matrix with linearly independent columns and the linear system LS(A, b) is consistent. Show that this system has a unique solution.
-
Yuki, Inc., acquired the following assets on January 1, 2012. Equipment, estimated useful life 5 years; residual value $13,000 . . . . . . . . . . . . $513,000 Building, estimated useful life 40...
-
Barney Corporation began business on January 1, 2013. The company has released the following financial statements for 2013 and 2014 and has prepared the following proposed statements for 2015. Barney...
-
Refer to Practice 20-3. Assume that before 2015 the company used straight-line depreciation for tax purposes while using double-declining-balance depreciation for book purposes. The change to...
-
A system consisting of a small 1.20-kg object attached to a Ax(cm) light spring oscillates on a smooth, horizontal surface. A 5.00- graph of the position x of the object as a function of time is 4.00...
-
Transform following Relational model into ER Model. id Author writes authorid bookid Book bookid title edition libid memberld name dob AuthorContact id contact publishes Library id bid date id...
-
State suitable case for each model Hierarchical Model Network data model Relational model Object-oriented data model
Study smarter with the SolutionInn App