Survey of Accounting (Accounting I)
8th Edition
ISBN: 9781305961883
Author: Carl Warren
Publisher: Cengage Learning
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Find the Common Size Analysis for three years for the Income Statement of Excel Corporation.
Transcribed Image Text:Excel Corporation
INCOME STATEMENTS
(In millions, except per share amounts)
Year Ended June 30,
2019
2018
2017
2019
2018
2017
Revenue:
Product
$
66,069 $
64,497 $
63,811 ?
?
?
Service and other
$
59,774 $
45,863 $
32,760 ?
?
?
Total revenue
EA
$
125,843 $
110,360 $
96,571 ?
?
?
Cost of revenue:
Product
$
16,273 $
15,420 $
15,175 ?
?
?
Service and other
$
26,637 $
22,933 $
19,086 ?
?
?
Total cost of revenue
$
42,910 $
38,353 $
34,261 ?
?
?
Gross margin
$
82,933 $
72,007 $
62,310 ?
?
?
Research and development $
16,876 $
14,726 $
13,037 ?
?
?
Sales and marketing
$
18,213 $
17,469 $
15,461
?
?
?
General and administrative $
4,885 $
4,754 $
4,481 ?
?
?
Restructuring
$
$
$
306 ?
?
?
Operating income
42,959
$
35,058 $
29,025 ?
?
?
Other income, net
$
729 $
1,416 $
876?
?
?
Income before income taxes $
43,688 $
36,474 $
29,901 ?
?
?
Provision for income taxes
$
4,448 $
19,903 $
4,412 ?
?
?
Net income
$
39,240 $
16,571 $
25,489 ?
?
?
SAVE
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