The income statement is here. on page 47. http://investors.cvshealth.com/~/media
ID: 342085 • Letter: T
Question
The income statement is here. on page 47. http://investors.cvshealth.com/~/media/Files/C/CVS-IR-v3/reports/annual-report-2016.pdf
please help me, I do not have the time to write the income statement out, just use this pdf
1) Profitability - How did the overall profitability of the corporation change in the current year? What items in the income statement explain the change in income from continuing operations as a percentage of sales?
2) Generally accepted accounting principles require amounts related to discontinued operations and extraordinary items to be shown, net of taxes, at the bottom of the income statement. If any of these items are present, describe the nature and amount.
Explanation / Answer
The Net Revenue reported by Organisation in Current Year is $ 177,526 & Net Revenue reported by Organisation in Previous Year is $ 153,290. The Entity is able to increase its Net Revenue from last 2 years.
The Entity reported its Net revenue is $ 5,317 & Basic Earning Per Share is $4.93. The Entity is able to increase its Net Income & Earning Per Share from last 2 years.
The Net Income is approximately 3% of Sales.
There is a loss from discontinued operations, net of tax of $1 in the current year while there is a profit from discontinued operations of $9 in the last year.
There is a Loss on early extinguishment of debt & Foreign currency translation adjustments also in the current year.
Note:- The Entity is growing at a slower pace from past trends but its report is showing that it can do more better in upcoming future.
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