Saved Help Save & Exit S Check my v Here are simplified financial statements for Phone Corporation in a recent year: INCOME STAT in $ millions) $12,700 Net sales Cost of goods sold Other expenses 3,810 4,112 2,368 Earnings before interest and taxes EBIT) Interest expense $ 2,410 660 $1,750 Income before tax Taxes (at 30%) 525 Net income $1,225 $ 826 BALANCE Figures in $ millions End of Start of Prex 3of 7111 Next > B