The following information comes from recent DowDuPont Inc. income statements. REQUIRED: a. Identify the components in its
Question:
The following information comes from recent DowDuPont Inc. income statements.
REQUIRED:
a. Identify the components in its statement that you would consider operating.
b. Identify those components that you would consider nonrecurring.
c. Compute net operating profit after taxes (NO PAT) and net operating profit margin (NOPM) for each year. Use an income tax rate of 25%.
Transcribed Image Text:
(In millions, except per share amounts) For the Years Ended December 31 2017 2016 Net sales. .... Cost of sales. Research and development expenses Selling, general, and adiministrative expenses Amortization of intangibles... Restructuring goodwill impairment and asset-related charges-net Integration and separation costs.... Asbestos-related charge... Equity in earnings of nonconsolidated affiliates. Sundry income (expense)-net ..... Interest expense and amortization of debt discount. $62,484 50,414 2,110 4,021 $48,158 37,640 1,584 2,956 1,013 3,280 1,101 544 595 349 1,113 -- 764 442 966 1,452 1.082 858 Income from continuing operations before income taxes.. Provision (Credit for income taxes on continuing operations). 1,193 4,413 (476) Income from continuing operations, net of tax .... Loss from discontinued operations, net of tax 1,669 4,404 (77) - Net income... $ 1,592 $ 4,404
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Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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