Question: Please help asap :( show the work Kellogg Consolidated Statement of Income Statement - USD ($) $ in Millions 12 Months Ended 2019 2018 Income
Please help asap :( show the work
| Kellogg | ||
| Consolidated Statement of Income Statement - USD ($) $ in Millions | 12 Months Ended | |
| 2019 | 2018 | |
| Income Statement [Abstract] | ||
| Net sales | $ 13,578.0 | $ 13,547.0 |
| Cost of goods sold | (9,197.0) | (8,821.0) |
| Selling, general and administrative expense | (2,980.0) | (3,020.0) |
| Operating profit | 1,401 | 1,706 |
| Interest expense | (284.0) | (287.0) |
| Other income (expense), net | 188.0 | (90.0) |
| Income before income taxes | 1,305.0 | 1,329.0 |
| Income taxes | (321.0) | (181.0) |
| Earnings (loss) from unconsolidated entities | (7) | 196.0 |
| Net income | 977.0 | 1,344.0 |
| Step 1: Calculate Ratios |
| Step 2: Reformat (not necessary but helps) |
| Step 3: Cause of Change |
Perform a cause of change analysis on excel with these 3 steps on excel
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