Excel Corporation INCOME STATEMENTS (In millions, except per share amounts) Year Ended June 30, 2019 2018 2017 2019 2018 2017 Revenue: Product $ 66,069 $ 64,497 $ 63,811 ? ? ? Service and other $ 59,774 $ 45,863 $ 32,760 ? ? ? Total revenue EA $ 125,843 $ 110,360 $ 96,571 ? ? ? Cost of revenue: Product $ 16,273 $ 15,420 $ 15,175 ? ? ? Service and other $ 26,637 $ 22,933 $ 19,086 ? ? ? Total cost of revenue $ 42,910 $ 38,353 $ 34,261 ? ? ? Gross margin $ 82,933 $ 72,007 $ 62,310 ? ? ? Research and development $ 16,876 $ 14,726 $ 13,037 ? ? ? Sales and marketing $ 18,213 $ 17,469 $ 15,461 ? ? ? General and administrative $ 4,885 $ 4,754 $ 4,481 ? ? ? Restructuring $ $ $ 306 ? ? ? Operating income 42,959 $ 35,058 $ 29,025 ? ? ? Other income, net $ 729 $ 1,416 $ 876? ? ? Income before income taxes $ 43,688 $ 36,474 $ 29,901 ? ? ? Provision for income taxes $ 4,448 $ 19,903 $ 4,412 ? ? ? Net income $ 39,240 $ 16,571 $ 25,489 ? ? ?

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...
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Find the Common Size Analysis for three years for the Income Statement of Excel Corporation.

 

Excel Corporation
INCOME STATEMENTS
(In millions, except per share amounts)
Year Ended June 30,
2019
2018
2017
2019
2018
2017
Revenue:
Product
$
66,069 $
64,497 $
63,811 ?
?
?
Service and other
$
59,774 $
45,863 $
32,760 ?
?
?
Total revenue
EA
$
125,843 $
110,360 $
96,571 ?
?
?
Cost of revenue:
Product
$
16,273 $
15,420 $
15,175 ?
?
?
Service and other
$
26,637 $
22,933 $
19,086 ?
?
?
Total cost of revenue
$
42,910 $
38,353 $
34,261 ?
?
?
Gross margin
$
82,933 $
72,007 $
62,310 ?
?
?
Research and development $
16,876 $
14,726 $
13,037 ?
?
?
Sales and marketing
$
18,213 $
17,469 $
15,461
?
?
?
General and administrative $
4,885 $
4,754 $
4,481 ?
?
?
Restructuring
$
$
$
306 ?
?
?
Operating income
42,959
$
35,058 $
29,025 ?
?
?
Other income, net
$
729 $
1,416 $
876?
?
?
Income before income taxes $
43,688 $
36,474 $
29,901 ?
?
?
Provision for income taxes
$
4,448 $
19,903 $
4,412 ?
?
?
Net income
$
39,240 $
16,571 $
25,489 ?
?
?
Transcribed Image Text:Excel Corporation INCOME STATEMENTS (In millions, except per share amounts) Year Ended June 30, 2019 2018 2017 2019 2018 2017 Revenue: Product $ 66,069 $ 64,497 $ 63,811 ? ? ? Service and other $ 59,774 $ 45,863 $ 32,760 ? ? ? Total revenue EA $ 125,843 $ 110,360 $ 96,571 ? ? ? Cost of revenue: Product $ 16,273 $ 15,420 $ 15,175 ? ? ? Service and other $ 26,637 $ 22,933 $ 19,086 ? ? ? Total cost of revenue $ 42,910 $ 38,353 $ 34,261 ? ? ? Gross margin $ 82,933 $ 72,007 $ 62,310 ? ? ? Research and development $ 16,876 $ 14,726 $ 13,037 ? ? ? Sales and marketing $ 18,213 $ 17,469 $ 15,461 ? ? ? General and administrative $ 4,885 $ 4,754 $ 4,481 ? ? ? Restructuring $ $ $ 306 ? ? ? Operating income 42,959 $ 35,058 $ 29,025 ? ? ? Other income, net $ 729 $ 1,416 $ 876? ? ? Income before income taxes $ 43,688 $ 36,474 $ 29,901 ? ? ? Provision for income taxes $ 4,448 $ 19,903 $ 4,412 ? ? ? Net income $ 39,240 $ 16,571 $ 25,489 ? ? ?
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