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

Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
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CALCULATE CASH FLOW TO CREDITOR'S FOR fy24

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
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
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