Operating and Nonoperating Items in Boston Scientific's Income StatementEXHIBIT 3.6For Year Ended December 31, S mllllons201820172016Net sale .Cost of products sold$9,823$9,0482,593$8,3862,4242,813Gross profit.Operating expensesSelllng, general and admlnIstratlve expenses.Research and development expensesRoyalty expenseAmortlzatlon expenseIntanglble asset Impalrment chargesContIngent conslderatlon expense (beneflt) .RestructurIng charges.LItigatlon-related charges7,0106,4555,9623,5691,1133,2943,09999792070687959956554535411(21)(80)29363728103285804Operating expenses -5,5045,1705,515Operating income .Other expense (income)Interest expense1,5061,285447241229233Other expense (income), net.(156)12437Income before income taxes1,422932177Income tax expense (benefit) .(249)828(170)Net income.$1,671$104$ 347Calculate the operating expense margin ratio for 2016

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Description: Operating and Nonoperating Items in Boston Scientific's Income StatementEXHIBIT 3.6For Year Ended December 31, S mllllons201820172016Net sale .Cost of products sold$9,823$9,0482,593$8,3862,4242,813Gross profit.Operating expensesSelllng, general and

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EXHIBIT 3.6 Operating and Nonoperating Items in Boston Scientific's Income Statement For Year Ended December 31, S mllllons 2018 2017 2016 Net sales....- $9,823 $9,048 $8,386 Cost of products sold 2,813 2,593 2,424 Gross profit. Operating expenses Selllng, general and admlnIstratlve expenses. Research and development expenses Royalty expense Amortizatlon expense Intanglble asset Impalrment charges. Contingent conslderatlon expense (beneflt) Restructurlng charges. LItlgatlon-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 4 11 (80) 37 (21) 29 36 28 103 285 804 Operating expenses 5,504 5,170 5,515 Operating income Other expense (income) Interest expense Other expense (income), net. 1,506 1,285 447 241 229 233 (156) 124 37 Income before income taxes 1,422 932 828 177 Income tax expense (benefit) (249) (170) Net income. $1,671 2$ 104 $ 347 Calculate the operating expense margin ratio for 2016

EXHIBIT 3.6 Operating and Nonoperating Items in Boston Scientific's Income Statement For Year Ended December 31, S mllllons 2018 2017 2016 Net sales....- $9,823 $9,048 $8,386 Cost of products sold 2,813 2,593 2,424 Gross profit. Operating expenses Selllng, general and admlnIstratlve expenses. Research and development expenses Royalty expense Amortizatlon expense Intanglble asset Impalrment charges. Contingent conslderatlon expense (beneflt) Restructurlng charges. LItlgatlon-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 4 11 (80) 37 (21) 29 36 28 103 285 804 Operating expenses 5,504 5,170 5,515 Operating income Other expense (income) Interest expense Other expense (income), net. 1,506 1,285 447 241 229 233 (156) 124 37 Income before income taxes 1,422 932 828 177 Income tax expense (benefit) (249) (170) Net income. $1,671 2$ 104 $ 347 Calculate the operating expense margin ratio for 2016

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter3: The Adjusting Process

Section: Chapter Questions

Problem 3.4ADM

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