Sysco Corp. is one of the nation’s leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent income statement contained the following items (in millions). Prepare an income statement for the year ended June 30, current year.

Transcribed Image Text:

Cost of sales Income taxes Interest expense Net earnings Sales Earnings before income taxes Selling, general, and administration expense Other revenues Total expenses (excluding income taxes) Total revenues Source: Sysco Corp. $44,814 371 303 1,395 55,371 1,766 8,504 16 53,621 55,387