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create a income statement and please show work and formula

create a income statement and please show work and formula

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please use table to create a income statement and please show work and formula
Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Income Statement [Abstract] Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic (in dollars per share) Diluted (in dollars per share) Weighted average common shares outstanding: Basic (in shares) Diluted (in shares) 12 May 31, 2023 $51,217 28,925 22,292 4,060 12,317 16,377 (6) (280) 6,201 1,131 $ 5,070 $ 3.27 $ 3.23 1,551.6 1,569.8
Transcribed Image Text:Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Income Statement [Abstract] Revenues Cost of sales Gross profit Demand creation expense Operating overhead expense Total selling and administrative expense Interest expense (income), net Other (income) expense, net Income before income taxes Income tax expense NET INCOME Earnings per common share: Basic (in dollars per share) Diluted (in dollars per share) Weighted average common shares outstanding: Basic (in shares) Diluted (in shares) 12 May 31, 2023 $51,217 28,925 22,292 4,060 12,317 16,377 (6) (280) 6,201 1,131 $ 5,070 $ 3.27 $ 3.23 1,551.6 1,569.8
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