Question: 2 points Save Answer QUESTION 5 The Goodyear Tire & Rubber Company's December 31, 20X9 financial statements reported the following (in millions): $16,511 11,786 4,725

 2 points Save Answer QUESTION 5 The Goodyear Tire & Rubber
Company's December 31, 20X9 financial statements reported the following (in millions): $16,511

2 points Save Answer QUESTION 5 The Goodyear Tire & Rubber Company's December 31, 20X9 financial statements reported the following (in millions): $16,511 11,786 4,725 Total assets Total liabilities Total shareholders' equity Dividends Net income (loss) Retained earnings, December 31, 20X8 1.264 4,570 TEREST What did Goodyear report for retained earnings at December 31, 20X9? A. $5.907 million B.$5,752 million C.$5.916 million D.$5,834 million E.There is not enough information to determine the answer QUESTION 6 2 points Save Answer In its 20x9 annual report, Caterpillar Inc. reported the following (in millions): Sales Cost of goods sold 20X9 $38,537 $28,309 20x8 $47,011 $33,546 As a percentage of sales, did Caterpillar's gross profit increase or decrease during 20X9? A Gross profit increased from 26.8% to 28.6% B. Gross profit decreased from 28.6% to 26.5% Gross profit increased from 71.4% to 73.2% D.Gross profit decreased from 73.2% to 71.4% E. There is not enough information to answer the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!