Homework Answers
| 2016 | 2015 | 2014 | |
| ICO/Sales | |||
| ICO | 2521 | 1895 | 3145 |
| Sales | 24594 | 25130 | 28406 |
| ICO/Sales | 10.25% | 7.54% | 11.07% |
| NI/Sales | |||
| NI | 2525 | 1959 | 3636 |
| Sales | 24594 | 25130 | 28406 |
| NI/Sales | 10.27% | 7.80% | 12.80% |
| CI/Sales | |||
| CI | 2010 | 651 | 371 |
| Sales | 24594 | 25130 | 28406 |
| CI/Sales | 8.17% | 2.59% | 1.31% |
b.
If the gain realized from selling the segment is reported as a separate line item, it has no impact on Incomes. It is shown separately for clear understanding to the intended users. However, the figures of Comprehensive income, Net income and Income from continuing operations will not be affected (except for the difference in amounts).
If the gain is 3866 in 2016, ICO/Sales would remain same at 10.25%.
NI/Sales would vary because of increase in the gain.
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3. Given below is summary information from DuPont's income statement for the last three years (in...
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Can you explain why cash and equity change
when the company switches from LIFO to FIFO, and why there is no
change or up by 121.2 in net income and why does it different from
the net income from Q3?
3. What would DuPont's net income for 2015 have been if it had been using FIFO to account for all of its inventories? In answering this question, please assume a 40% tax rate. Please use the net income attributable to...
compare income statment and balance sheet for the last two
years
any changes?
analyize cash flow
operating activities
investing activities
financing activities
of Financial Position Statements February 3, Janua millions, except footnotes) $ 2,643 $ 2,512 8,309 1.169 11,990 8,657 1,264 12,564 equivalents Cash and cash Other current assets Total current assets Property and equipment 6,095 28,396 5,623 2,645 6,106 27,611 5,503 2,651 Buildings and improvements Fixtures and equipment Computer hardware and software 440 200 Construction-in-progress Accumulated depreciation (18,181) (17,413)...
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