The components of 2008 comprehensive income for CVS Caremark and for Caterpillar, Inc. are outlined below (dollars
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The components of 2008 comprehensive income for CVS Caremark and for Caterpillar, Inc. are outlined below (dollars in million):
Required(a) The net incomes for the two firms are very similar. Discuss how the total changes to equity due to nonowner transactions compare for the two firms.(b) CVS is a U.S.-based chain of retail pharmacies, while Caterpillar is a global manufacturing turer of heavy-duty construction equipment. How are the companies' business models turer of heavy-duty construction incomes?(c) How would an analyst reading the financial statements of the two companies compare their relative financial changes over the course of a year? What specific areas might concern an analyst looking at Caterpillar that would not affectCVS?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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a The net income and comprehensive income for CVS are very similar due to the relatively low dollar ...View the full answer
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