Thomson Reuters Corporation reported the following selected information (in U.S. $ millions): _______________________________________2015......................2014.................2013 Revenues................................................$12,209.................$12,607............$12,702 Net income.................................................1,311.....................1,959...................185 Total
Question:
Thomson Reuters Corporation reported the following selected information (in U.S. $ millions):
_______________________________________2015......................2014.................2013
Revenues................................................$12,209.................$12,607............$12,702
Net income.................................................1,311.....................1,959...................185
Total comprehensive income (loss)............(496)...................(1,866)..................202
Total comprehensive income.........................815..........................93..................387
(a) Calculate the profit margin with and without the other comprehensive income (loss) for each year.
(b) Which of the two profit margin ratios that you calculated in part (a) should you rely upon for your financial analysis? Explain.
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Step by Step Answer:
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine