Question: CES STANDARD VIEW PRINTER VERS Exercise 1-5 Suppose the following information was taken from the 2017 financial statements of pharmaceutical giant Oriole Company (All dollar

CES STANDARD VIEW PRINTER VERS Exercise 1-5 Suppose the following information was taken from the 2017 financial statements of pharmaceutical giant Oriole Company (All dollar amounts are in millions.) Retained earnings, January 1, 2017 $43,124.3 Cost of goods sold 9,367.8 Selling and administrative expenses 8,407,1 Dividends 3,665.4 Sales revenue 39,781.4 Research and development expense 5,403.7 Income tax expense 2.969.6 oudy After analyzing the data, prepare an income statement for the year ending December 31, 2017. (Enter amounts in millions upto 1 decimal place, e.g. 45.5 million) Oriole Company Income Statement (in millions) After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2017. (List items that increase retained earnings first. Enter amounts in millions upto decimal place, e.g. 45.5 million.) Oriola Company Retained Earnings Statement (in millions) Click of you would like to Show Wor
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
