In 2022, 3M Co. had the total sales of $34,229 million, costs of $19.232 million, and net income of $5.777 million. What would be the percentage for sales on its 2022 common size income statement? O 56.19% 16.88% Ⓒ100.00% 30.04%

In 2022, 3M Co. had the total sales of $34,229 million, costs of $19.232 million, and net income of $5.777 million. What would be the percentage for sales on its 2022 common size income statement? O 56.19% 16.88% Ⓒ100.00% 30.04%

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Description: In 2022, 3M Co. had the total sales of $34,229 million, costs of $19,232 million, andnet income of $5,777 million. What would be the percentage for sales on its 2022common size income statement?56.19%16.88%Ⓒ100.00%30.04%

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Concept explainers

Financial Ratios

A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.

Return on Equity

The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.

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In 2022, 3M Co. had the total sales of $34,229 million, costs of $19,232 million, and
net income of $5,777 million. What would be the percentage for sales on its 2022
common size income statement?
56.19%
16.88%
Ⓒ100.00%
30.04%

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