Walgreen Co. is the nation’s leading drugstore chain. Its recent quarterly income statement contained the following items (in millions). Solve for the missing amounts and prepare an income statement for the quarter ended May 31, 2007.
Cost of sales ................. $9,821
Provision for income taxes* ........... 305
Interest revenue ................ 11
Net earnings .................. ?
Net sales .................... 13,698
Pretax income .................. ?
Selling, occupancy and administration expense ...... 3,022
Total expenses .................. ?
Total revenues .................. ?