Create a income statemtent projection for three years


Problem: Create a income statemtent projection for three years based on : Target Consolidated Statements of Operations FY 2021, 2022, 2023 $s in Millions (Except per Share Data) 2023 2022 2021 Sales $105,803 107588 104,611 Other revenue 1,609 1532 1,394 Total revenue 107,412 109,120 106,005 Cost of sales 77,736 8,229 74,963 Selling, general and administrative expenses 21,554 20,658 19,752 Depreciation and amortization (exclusive of depreciation included in cost of sales) 2,415 2,385 2,344 Operating income 5,707 3,848 8,946 Net interest expense 502 478 421 Net other (income) / expense (92) (48) (382.00) Earnings before income taxes 5,297 3,418 8,907 Provision for income taxes 1,159 638 1,961 Net earnings 4,138 2,780 6,946 Basic earnings per share $8.96 $6.02 14.23 Diluted earnings per share $8.94 $5.98 14.10 Weighted average common shares outstanding Basic 562 462.1 488.1 Diluted 463 464.7 492.7 Antidilutive shares 2 1.1 -

 

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Accounting Basics: Create a income statemtent projection for three years
Reference No:- TGS03425845

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