E1-7 (Algo) Preparing an Income Statement and Inferring Missing Values L01-1 Bigco Corp. is one...
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E1-7 (Algo) Preparing an Income Statement and Inferring Missing Values L01-1 Bigco Corp. is one of the nation's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent income statement contained the following items (in millions). Cost of sales Income taxes Interest expense Net earnings Sales Earnings before income taxes Selling, general, and administration expense Other revenues Total expenses Total revenues $ 11,711 299 26 1,115 16, 240 1,414 3,523 434 15,260 16,674 Prepare an income statement for the year ended June 30, current year. (Enter your answers in millions.) BIGCO CORP. Income Statement (in millions) Revenues: Total revenues $ 0 Expenses Prepare an income statement for the year ended June 30, current year. (Enter your answers in millions.) BIGCO CORP. Income Statement (in millions) Revenues: Total revenues $ 0 Expenses: $ 0 Total expenses Earnings before income taxes Net earnings
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