Question: Help I have issues with problem e and f. Explanation will be good. Thanks, 13 Here are simplified financial statements for Phone Corporation in a
13 Here are simplified financial statements for Phone Corporation in a recent year INCOME STATEMENT (Figures in $ millions) 10 points Net sales Cost of goods sold Other expenses Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes (at 35%) Net income Dividends s13,193 4,866 4,849 2,518 2,566 685 1,881 658 $ 1,223 $ 856
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