Make an analysis of the Consolidated Statements of Operations. Are the sales increasing or decreasing? Is the
Fantastic news! We've Found the answer you've been seeking!
Question:
Make an analysis of the Consolidated Statements of Operations. Are the sales increasing or decreasing? Is the net income increasing or decreasing? Are the basic Earnings Per Share increasing or decreasing? (Also connect with the Consolidated Statements of Shareholders' Equity). Consider the reasonableness of your answer.
Transcribed Image Text:
Consolidated Statements of Equity (in millions, except per share data) Accumulated Other Total Additional Paid-In Capital Stockholders' Noncontrolling Total Equity (Deficit) $ 1,477 Common Stock Retained Comprehensive Earnings 13,195 $ Interests in Equity (Deficit) Loss Subsidiary Balance at December 31, 2016 $ 289 $ $ (12,102) 1,382 95 Net earnings 1,963 1,963 1,963 Other comprehensive loss, net of tax (437) (437) (437) Repurchases of common stock (7) (398) (1,596) (2,001) (2,001) Dividends declared ($7.46 per share) Stock-based awards, ESOP activity and other Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2017 (2,157) (2,157) (2,157) 2 398 400 400 (21) (21) 284 $ $ 11,405 $ (12,539) (850) S 74 (776) Net earnings 5,046 5,046 5,046 Other comprehensive income, net of tax 626 626 626 Repurchases of common stock Dividends declared ($8.20 per share) (5) (404) (1,083) (1,492) (1,492) (2,342) (2,342) (2,342) Stock-based awards, ESOP activity and other Reclassification of income tax effects from tax reform 404 406 406 2,408 (2,408) Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2018 (19) (19) $ 281 $ 24 15,434 $ (14,321) 1,394 55 $ 1,449 Net earnings 6,230 6.230 6,230 Other comprehensive loss, net of tax (1,233) (1,233) (1,233) Repurchases of common stock Dividends declared ($9.00 per share) (4) (483) (713) (1,200) (1,200) (2,550) (2,550) (2,550) Stock-based awards, ESOP activity and other Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2019 3 483 486 486 (11) (11) $ 280 $ 18,401 $ (15,554) 3,127 44 3,171 The accompanying notes are an integral part of these consolidated financial statements. Consolidated Statements of Equity (in millions, except per share data) Accumulated Other Total Additional Paid-In Capital Stockholders' Noncontrolling Total Equity (Deficit) $ 1,477 Common Stock Retained Comprehensive Earnings 13,195 $ Interests in Equity (Deficit) Loss Subsidiary Balance at December 31, 2016 $ 289 $ $ (12,102) 1,382 95 Net earnings 1,963 1,963 1,963 Other comprehensive loss, net of tax (437) (437) (437) Repurchases of common stock (7) (398) (1,596) (2,001) (2,001) Dividends declared ($7.46 per share) Stock-based awards, ESOP activity and other Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2017 (2,157) (2,157) (2,157) 2 398 400 400 (21) (21) 284 $ $ 11,405 $ (12,539) (850) S 74 (776) Net earnings 5,046 5,046 5,046 Other comprehensive income, net of tax 626 626 626 Repurchases of common stock Dividends declared ($8.20 per share) (5) (404) (1,083) (1,492) (1,492) (2,342) (2,342) (2,342) Stock-based awards, ESOP activity and other Reclassification of income tax effects from tax reform 404 406 406 2,408 (2,408) Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2018 (19) (19) $ 281 $ 24 15,434 $ (14,321) 1,394 55 $ 1,449 Net earnings 6,230 6.230 6,230 Other comprehensive loss, net of tax (1,233) (1,233) (1,233) Repurchases of common stock Dividends declared ($9.00 per share) (4) (483) (713) (1,200) (1,200) (2,550) (2,550) (2,550) Stock-based awards, ESOP activity and other Net decrease in noncontrolling interests in subsidiary Balance at December 31, 2019 3 483 486 486 (11) (11) $ 280 $ 18,401 $ (15,554) 3,127 44 3,171 The accompanying notes are an integral part of these consolidated financial statements.
Expert Answer:
Answer rating: 100% (QA)
sales for the company have been consistently increasing increasing from 42000 to 50000 in 3 ye... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Make an analysis of the Consolidated Balance Sheets. 1. What do you see? The Long-term Debt has increased considerably...does that concern you? How is that explained in the notes to the financial...
-
The results from an analysis of the table entries cause us to reject the claim that nausea is independent of whether the subject took a placebo or Chantix. Can we conclude that getting nausea is...
-
An analysis of the transactions made by Acme Consulting for the month of July is shown below. Required: a. Explain each transaction. b. List the changes in the company's balance sheet during the...
-
Lungameni Enterprises (Pty) Ltd ("Lungameni Enterprises") manufactures product A, which it sells to local customers at a mark-up of 25%. Lungameni Enterprises currently absorbs its overhead costs on...
-
A manufacturer of high-quality medicinal soap advertises its product as 99 and 44/100% free of medically offensive pollutants. Twenty-five samples of 100 bars of soap were gathered at the beginning...
-
You are an electron sitting at the top of the valence band in a silicon atom, longing to jump across the 1.14- eV energy gap that separates you from the bottom of the conduction band and all of the...
-
Xie Company identified the following activities, costs, and activity drivers for 2017. The company manufactures two types of go-karts: deluxe and basic. Required 1. Compute a single plantwide...
-
Global Airlines is considering two alternatives for the financing of a purchase of a fleet of airplanes. These two alternatives are: 1. Issue 60,000 shares of common stock at $40 per share. (Cash...
-
x- 70 mm y 20 mm Eample 6: Determine the moment of inertia for the following area about its x centroidal axis. 40 mm 30 mm. X 25
-
Office King Corporation manufactures three different models of paper shredders including the waste container that serves as the base. While the shredder heads are different for the three models, the...
-
Label the following statements as true or false. You do NOT need to justify your answers. I [ ] Let V be a inner product space with ordered basis B. Let T be a linear operator on V, then the ajoint...
-
How do you show the direction of a message on a communication diagram?
-
What are some guidelines for designing a set of use cases? Give two examples of the extend associations on a use-case diagram. Give two examples for the include associations.
-
What are the different types of visibility? How would they be denoted on a class diagram?
-
What are the steps in building a behavioral state machine?
-
You are evaluating a project that will cost $475,000, but is expected to produce cash flows of $126,000 per year for 10 years, with the first cash flow in one year. Your cost of capital is 11% and...
-
When listening to someone, it is important to quickly: determine the speaker's main ideas write down everything that the speaker says judge the speaker by his / her appearance ask questions
-
1. As a general strategy, would you recommend that Carl take an aggressive approach to capacity expansion or more of a wait-and-see approach? 2. Should Carl go with the option for one facility that...
-
At the end of Gordman Department Stores fiscal year on December 31, 2010, these accounts appeared in its adjusted trial balance. Freight-in........... $ 5,600 Merchandise Inventory........ 40,500...
-
(a) Should business transaction debits and credits be recorded directly in the ledger accounts? (b) What are the advantages of first recording transactions in the journal and then posting to the...
-
Crone Enterprises uses a word processing computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with...
-
Please reflect on and explain the role and usefulness of the concept of SD in relation to the protection of the environment.
-
Has the concept of SD achieved the balance between all three pillars: environmental protection; economic development; and social issues?
-
What, if any, is the normative content of the concept of SD?
Study smarter with the SolutionInn App