Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $11,551 379 26 1,159 16,220 3,543 430 16,658 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.)
Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $11,551 379 26 1,159 16,220 3,543 430 16,658 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels,
and other customers. A simplified version of its recent statement of earnings contained the following items (in millions).
Cost of sales
Income tax expense
Interest expense
Net earninge
Sales
Selling, general, and administration expenses
Other revenues
Total revenues
Revenues
Required:
Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.)
Total revenues
Expenses
SYSCO CORPORATION
Statement of Earnings
For the Year Ended June 30, 2018
(in millions of Canadian dollars)
Total pretax expenses
Earnings before income taxes
Net earings
$11,551
379
26
1,159
16,220
3,543
430
16,658
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