Given the historical income statement of Mega Trade Inc., how much would be added to the company's retained earning for the year 2016 (in millions)? Income Statement ($ Million) Income Statement ( $ Million) Year End 2015 2016 2017 2019 Sales 1, 234,90 1,251.40 1,300.40 1,334.40 Cost of Sales -679.1 -659 -681.3 -667 Gross Operating Income Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income / Expenses 11.8 7.6 7 8.2 Earnings Before Interest and Taxes Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Pre Tax Income Income Taxes -56.8 -64.2 -67.5 -72.6 Net Income Dividends -38.3 -38.7 -39.8 -40.1
Given the historical income statement of Mega Trade Inc., how much would be added to the company's retained earning for the year 2016 (in millions)? Income Statement ($ Million) Income Statement ( $ Million) Year End 2015 2016 2017 2019 Sales 1, 234,90 1,251.40 1,300.40 1,334.40 Cost of Sales -679.1 -659 -681.3 -667 Gross Operating Income Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income / Expenses 11.8 7.6 7 8.2 Earnings Before Interest and Taxes Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Pre Tax Income Income Taxes -56.8 -64.2 -67.5 -72.6 Net Income Dividends -38.3 -38.7 -39.8 -40.1
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 74E
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Given the historical income statement of Mega Trade Inc., how much would be added to the company's
Income Statement ($ Million)
| Income Statement ( $ Million) | |||||
| Year End | |||||
| 2015 | 2016 | 2017 | 2019 | ||
| Sales | 1, 234,90 | 1,251.40 | 1,300.40 | 1,334.40 | |
| Cost of Sales | -679.1 | -659 | -681.3 | -667 | |
| Gross Operating Income | |||||
| Selling & Administration | -339.7 | -348.6 | -351.2 | -373.3 | |
| -47.5 | -52 | -55.9 | -75.2 | ||
| Other Income / Expenses | 11.8 | 7.6 | 7 | 8.2 | |
| Earnings Before Interest and Taxes | |||||
| Interest Income | 1.3 | 1.4 | 1.7 | 2 | |
| Interest Expense | -16.2 | -15.1 | -20.5 | -23.7 | |
| Pre Tax Income | |||||
| Income Taxes | -56.8 | -64.2 | -67.5 | -72.6 | |
| Net Income | |||||
| Dividends | -38.3 | -38.7 | -39.8 | -40.1 |
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