Raytheon Company disclosed the following data related to segment sales and operating profits for fis- cal 2018. Total Net Sales Operating Income $ millions 2018 2017 2016 2018 2017 2016 $ 6,180 6,722 $ 5,804 6,177 $ 5,529 $971 Integrated defense systems Intelligence, information and services Missile systems .. Space and airborne systems Forcepoint. $1,023 $ 935 538 455 467 6,169 7,096 6,182 8,298 7,787 973 1,010 921 6,748 6,430 884 862 808 634 608 586 33 90 Eliminations (1,514) (1,423) (1,361) Total net sales $27,068 $25,383 $24,201 The company also reported the following on its balance sheet. $ millions 2018 2017 Receivables, net of allowance for doubtful accounts of $12 and $8. $1,648 $1,324 ......

Raytheon Company disclosed the following data related to segment sales and operating profits for fis- cal 2018. Total Net Sales Operating Income $ millions 2018 2017 2016 2018 2017 2016 $ 6,180 6,722 $ 5,804 6,177 $ 5,529 $971 Integrated defense systems Intelligence, information and services Missile systems .. Space and airborne systems Forcepoint. $1,023 $ 935 538 455 467 6,169 7,096 6,182 8,298 7,787 973 1,010 921 6,748 6,430 884 862 808 634 608 586 33 90 Eliminations (1,514) (1,423) (1,361) Total net sales $27,068 $25,383 $24,201 The company also reported the following on its balance sheet. $ millions 2018 2017 Receivables, net of allowance for doubtful accounts of $12 and $8. $1,648 $1,324 ......

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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