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 ? ? ?

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 ? ? ?

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter2: Financial Statements And The Annual Report

Section: Chapter Questions

Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...

See similar textbooks

Similar questions

What is the return on sales for fiscal year 2019 2018?
ect Assignment The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement. For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue Other income Total revenues and gains. Expenses: Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share $ 435 6 128 569 247 158 41 446 $123 $ 12.30 Saved Help Additional information: 1. Selling and administrative expense includes $28 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material.…
Preparation of Ratios The financial statements for Venus Industries follow: Venus IndustriesConsolidated Income Statements(in thousands, except per share data) Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 807,530 596,018 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355…
Preparing Common Size Statements The financial statements for Venus Industries follow: Venus IndustriesConsolidated Income Statements(in thousands, except per share data) Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378…
Provide Statement of Comprehensive Income
What is the Returns for Company AC
p32
NETFLIX, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) Year ended December 31, 2018 15,794,341 9,967,538 2020 2019 20,156,447 S Revenues 24,996,056 $ Cost of revenues 15,276,319 2,228,362 12,440,213 Marketing 2,652,462 2,369,469 1,221,814 Technology and development General and administrative Oper. expenjes 1.829,600 1,545,149 914,369 1,076,486 630,294 Operating income Other income (expense): Interest expense Interest and other income (expense) 4,585,289 2,604,254 1,605,226 (767,499) (618,441) 3,199,349 (626,023) 84,000 (420,493) 41,725 Income before income taxes 2,062,231 (195,315) 1,866,916 S 1,226,458 Provision for income taxes (437,954) 2,761,395 S (15,216) 1,211,242 Net income Earnings per share: Basie 6.26 $ 4.26 $ 2.78 Diluted 6.08 S 4.13 $ 2.68 Weighted-average common shares outstanding: Basic 440,922 437,799 435,374 Diluted 454,208 451,765 451,244 See accompanying notes to consolidated financial statements. 42 TO calcalate "other expensis"…
Compute dividend payout ratio
Question Content Area Debt Management Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Income Statements (in thousands except per share amounts) 2023 2022 2021 Net sales $7,245,088 $6,944,296 $6,149,218 Cost of goods sold (5,286,253) (4,953,556) (4,355,675) Gross margin $1,958,835 $1,990,740 $1,793,543 General and administrative expenses (1,259,896) (1,202,042) (1,080,843) Special and nonrecurring items 2,617 0 0 Operating income $701,556 $788,698 $712,700 Interest expense (63,685) (62,398) (63,927) Other income 7,308 10,080 11,529 Gain on sale of investments 0 9,117 0 Income before income taxes $645,179 $745,497 $660,302 Provision for income taxes (254,000) (290,000) (257,000) Net income $391,179 $455,497 $403,302 Steele Inc. Consolidated Balance Sheets (in thousands) ASSETS Dec. 31, 2023 Dec. 31, 2022 Current assets: Cash and…
return on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018Net Sales $42,075 $44,100Net Income 12,780 15,732Total Assets 63,900 87,400 There were 5,000 outstanding shares at December 31, 2019.Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)
Compute NET Profit margin ratio