Question: Refine Assumptions for PPE Forecast Provided below is FY2016 information for Medtronic PLC. Medtronic plc Consolidated Statement of Income (S millions) Net sales Costs and




Refine Assumptions for PPE Forecast Provided below is FY2016 information for Medtronic PLC. Medtronic plc Consolidated Statement of Income (S millions) Net sales Costs and expenses Cost of products sold Research and development expenses Selling, general, and administrative expense Special charges (gains), net Restructuring charge, net Certain litigation charges, net Acquisition-related items Amortization of intangiable assets Other expense, net Operating profit Interest expense, net Income from operations before income taxes Provision for income taxes Apr. 29, 2016 $29,499 9,142 2,224 9,469 70 290 26 283 1,931 107 5,957 955 5,002 950 $4,052 Net income Refine Assumptions for PPE Forecast Provided below is FY2016 information for Medtronic PLC. Medtronic plc Consolidated Statement of Income (S millions) Net sales Costs and expenses Cost of products sold Research and development expenses Selling, general, and administrative expense Special charges (gains), net Restructuring charge, net Certain litigation charges, net Acquisition-related items Amortization of intangiable assets Other expense, net Operating profit Interest expense, net Income from operations before income taxes Provision for income taxes Apr. 29, 2016 $29,499 9,142 2,224 9,469 70 290 26 283 1,931 107 5,957 955 5,002 950 $4,052 Net income
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