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Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Fye 12/31/2019, 2018, & 2017 Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 12/31/19 12/31/18 12/31/17 12/31/19 12/31/18 12/31/17 100% 42% $31,904 13,231 1,936 2,440 9.765 $27,390 12,409 1,975 2,260 100% 41% 100% $30,578 12,706 2,178 2,300 9.744 26,928 3,650 45% Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 9.182 25,826 1.564 45% 55% 27,372 41% 59% 42% 4,532 58% 670 826 904 (94) (105) (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes 28 63 167 (139)| 2,873 539 2,334 34 $2.368 (1,413) 2.231 1,878 353 124 $477 (191) 59% 58% 55% 4.077 390 3,687 59% Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 58% 55% $3.687 Net Earnings 59% 58% 55%

Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Fye 12/31/2019, 2018, & 2017 Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets (Amounts are in millions, except per share amounts) Net Sales Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 12/31/19 12/31/18 12/31/17 12/31/19 12/31/18 12/31/17 100% 42% $31,904 13,231 1,936 2,440 9.765 $27,390 12,409 1,975 2,260 100% 41% 100% $30,578 12,706 2,178 2,300 9.744 26,928 3,650 45% Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense Interest income 9.182 25,826 1.564 45% 55% 27,372 41% 59% 42% 4,532 58% 670 826 904 (94) (105) (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes 28 63 167 (139)| 2,873 539 2,334 34 $2.368 (1,413) 2.231 1,878 353 124 $477 (191) 59% 58% 55% 4.077 390 3,687 59% Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 58% 55% $3.687 Net Earnings 59% 58% 55%

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 86PSB
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Please complet the vertical analysis table and summurize your observations about changes in finacial trends, in the following income statement line items ( net sales, operting income and net earnings attributable to proter and gamble)

Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 Fye 12/31/2019, 2018, & 2017 12/31/19 $31,904 12/31/18 $30,578 12,706 12/31/17 $27,390 12,409 1,975 2,260 9,182 25,826 (Amounts are in millions, except per share amounts) (Amounts are in millions, except per share amounts) 12/31/19 12/31/18 12/31/17 Net Sales Net Sales 100% 100% 100% Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense 41% 42% 45% Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense 13,231 1,936 2,440 9,765 27,372 4,532 2,178 2,300 9,744 26,928 41% 42% 45% 3,650 1,564 59% 58% 55% 670 826 904 Interest income (94) (105) Interest income (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 7 28 63 167 (191) 4,077 (1,413) 2,231 1,878 (139) 2,873 59% 58% 55% 390 539 3,687 2,334 353 59% 58% 55% 34 124 $3,687 $2,368 $477 59% 58% 55%
Transcribed Image Text:Abbott Laboratories Abbott Laboratories Consolidated Statement of Earnings Consolidated Statement of Earnings (Vertical Analysis) Fye 12/31/2019, 2018, & 2017 Fye 12/31/2019, 2018, & 2017 12/31/19 $31,904 12/31/18 $30,578 12,706 12/31/17 $27,390 12,409 1,975 2,260 9,182 25,826 (Amounts are in millions, except per share amounts) (Amounts are in millions, except per share amounts) 12/31/19 12/31/18 12/31/17 Net Sales Net Sales 100% 100% 100% Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense 41% 42% 45% Cost of products sold, excluding amortization of intangible assets Amortization of intangible assets Research and development Selling, general and administrative Total Operating Cost and Expenses Operating Earnings Interest expense 13,231 1,936 2,440 9,765 27,372 4,532 2,178 2,300 9,744 26,928 41% 42% 45% 3,650 1,564 59% 58% 55% 670 826 904 Interest income (94) (105) Interest income (124) (34) Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings Net foreign exchange (gain) loss Debt extinguishment costs Other (income) expense, net Earnings from Continuing Operations Before Taxes Taxes on Earnings from Continuing Operations Earnings from Continuing Operations Net Earnings from Discontinued Operations, net of taxes Net Earnings 7 28 63 167 (191) 4,077 (1,413) 2,231 1,878 (139) 2,873 59% 58% 55% 390 539 3,687 2,334 353 59% 58% 55% 34 124 $3,687 $2,368 $477 59% 58% 55%
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