The following data (dollar amounts in millions) are from the financial statements of Valley Corporation:

Requirement
1. Complete the folloeing condensed income statement, Report amounts to the nearest million dollars.

Transcribed Image Text:

Average stockholders' equity $3,200 Interest expense Operating income as a percent of sales Rate of return on stockholders' equity. .. 500 35% 25% 36% Operating expense... Interest expense Pretax income Income tax expense. Net income