Selllng, general and admlnlstratlve expenses. Research and development expenses 3,569 3,294 3,099 1,113 70 920 79 545 997 Royalty expense. Amortizatlon expense Intanglble asset Impalrment charges. Contingent consIderatlon expense (benefit) Restructurıng charges. 68 599 565 35 11 (21) 36 (80) 37 29 28 Litigatlon-related charges 103 285 804 Operating expenses . 5,504 5,170 5,515 Operating income . Other expense (income) Interest expense . . 1,506 1,285 447 241 229 233 Other expense (income), net. (156) 124 37 Income before income taxes 1,422 (249) 932 828 177 Income tax expense (benefit) (170) Net income.. $1,671 $ 104 $ 347 Calculate the profit margin ratio for 2016
Selllng, general and admlnlstratlve expenses. Research and development expenses 3,569 3,294 3,099 1,113 70 920 79 545 997 Royalty expense. Amortizatlon expense Intanglble asset Impalrment charges. Contingent consIderatlon expense (benefit) Restructurıng charges. 68 599 565 35 11 (21) 36 (80) 37 29 28 Litigatlon-related charges 103 285 804 Operating expenses . 5,504 5,170 5,515 Operating income . Other expense (income) Interest expense . . 1,506 1,285 447 241 229 233 Other expense (income), net. (156) 124 37 Income before income taxes 1,422 (249) 932 828 177 Income tax expense (benefit) (170) Net income.. $1,671 $ 104 $ 347 Calculate the profit margin ratio for 2016
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
Problem 1PS
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Transcribed Image Text:Operating and Nonoperating Items in Boston Scientific's Income Statement
EXHIBIT 3.6
For Year Ended December 31, S mllllons
2018
2017
2016
$9,823
2,813
$9,048
2,593
$8,386
2,424
Net sales
Cost of products sold
Gross profit.
Operating expenses
Selllng, general and admlnlstratlve expenses.
Research and development expenses
Royalty expense
Amortlzatlon expense
Intanglble asset Impalrment charges.
ContIngent conslderatlon expense (beneflt)
Restructurlng charges.
Litigatlon-related charges
7,010
6,455
5,962
3,569
3,294
3,099
1,113
997
920
70
68
79
599
565
545
35
11
(21)
(80)
29
36
37
28
103
285
804
Operating expenses
5,504
5,170
5,515
Operating income
Other expense (income)
Interest expense
1,506
1,285
447
241
229
233
Other expense (income), net.
(156)
124
37
1,422
(249)
Income before income taxes
932
177
Income tax expense (benefit) .
828
(170)
Net income
$1,671
24
104
2$
347
Calculate the profit margin ratio for 2016
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