Homework Help is Here – Start Your Trial Now!
Business
Accounting
Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000 Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000

Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000 Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000
Transcribed Image Text:Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000
Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000
Transcribed Image Text:Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS