Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of D

Question

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars)

Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)

Using Rhodes Corporation's financial statements (shown above), answer the following questions.

2013 2012 Sales $9,900.0 $9,000.0 Operating costs excluding depreciation 8,168.0 7,650.0 Depreciation and amortization 228.0 207.0 Earnings before interest and taxes $1,504.0 $1,143.0   Less: Interest 213.0 194.0 Pre-tax income $1,291.0 $949.0   Taxes (40%) 516.4 379.6 Net income available to common stockholders $774.6 $569.4 Common dividends $697.0 $456.0

Explanation / Answer

1

Operating Income = Sales

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