Question

PLease answer A-D

P4-41. Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years Ended Dec. 31 ($ millions) 2015 2013 2014 $31,821 $30,274 $30,871 15,383 6,182 1,763 16,447 6,469 1,770 24,686 7135 16,106 6,384 1,715 24,205 6,666 23,328 6,946 Net sales ............................................ Operating expenses Cost of sales. Selling, general and administrative expenses ......... Research, development and related expenses ........ Total operating expenses....... Operating income..... Interest expense and income Interest expense...... Interest income................ Total interest expense-net......... Income before income taxes...... Provision for income taxes........ Net income including noncontrolling interest ........... Less: Net income attributable to noncontrolling interest. Net income attributable to 3M .... 145 149 (26) 123 6,823 1,982 4,841 142 (33) 109 7,026 2,028 4,998 104 6,562 1,841 4,721 62 $ 4,659 $ 4,833 $ 4,956 3M COMPANY Consolidated Balance Sheets At December 31 ($ millions, except per share amount) 2015 2014 $ 1,798 118 $ 1,897 1,439 4,238 4,154 Current assets Cash and cash equivalents ............................ Marketable securities-current.......... Accounts receivable-net of allowances of $91 and $94......... Inventories: Finished goods ....................... Work in process Raw materials and supplies........ Total inventories .................... Other current assets .................... Total current assets .............. Marketable securities-noncurrent..... Investments ............. Property, plant and equipment. .... Less: Accumulated depreciation .... Property, plant and equipment-net... Goodwill......... Intangible assets-net... Prepaid pension benefits ............. Other assets....... Total assets.................. 1,655 1008 855 3,518 1,398 10,986 1,723 1,081 902 3,706 1,023 12,303 15 117 23,098 (14,583) 8,515 9,249 2,601 188 1,053 $32,718 102 22,841 (14,352) 8,489 7,050 1,435 46 1,769 $31,209 continued continued from revioirs nade