Prepare forecasts of the income statement, balance sheet
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See the attached file for additional data for Kodak.
INCOME STATEMENT
For Year Ended Dec. 31 (in million) 20x6 20x5 20x4
Net sales.............................................$13,234 $13,994 $14,089
Cost of good sold....................................8,670 8,375 8,086
Gross profit..........................................4,564 5,619 6,003
Selling, general, and administrative Exp..2,781 2,665 2,846
Research and development costs...............779 784 817
Restructuring costs(credits) and other........ 659 (44) 350
Earnings from Operations 345 2,214 1,990
Interest expense........................................... 219 178 142
Other income (charges)................................ (18) 96 261
Earnings before income taxes...................... 108 2,132 2,109
Provision for income taxes............................ 32 725 717
See also attach doc.
Net earnings...............................................$ 76 $ 1,407 $ 1,392
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Solution Summary
The expert prepares forecasts for the income statement, balance sheet and cash flows with assumptions.
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