Selected income statement information for Siemens AG, a global technology company, for four fiscal years follows: REQUIRED

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Selected income statement information for Siemens AG, a global technology company, for four fiscal years follows:

REQUIRED

a. Compute the missing amounts for each of the four years shown.

b. Compute the gross profit margin (gross profit/sales) for each of the four years and comment on its level and any trends that are evident.

c. What would we expect to be the major cost categories constituting Siemens' operating expenses?

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Financial Accounting

ISBN: 9781618533111

6th Edition

Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman

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Question Posted: Oct 20, 2021 09:14 AM

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Selected income statement information for Siemens AG, a global technology company, for four fiscal years follows: REQUIRED

Question:

Cost of Operating Operating Expenses Goods Gross Other Net (€ millions) Revenues Sold Protit Income Expense Income 2014...... €71,227 €50,869 €6,607 € €5,507 2015. 75,636 21,847 15,805 ? 7,380 2016. ? 55,826 23.819 16,500 7,319 1,735 2017. 83,049 58,021 ? 17,337 1,512 6,179

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a b The gross profit percentage also called gross profit margin for ...View the full answer

Financial Accounting

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