Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $11,551 379 26 1,159 16,220 3,543 430 16,658 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.)

Sysco Corporation is one of North America's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent statement of earnings contained the following items (in millions). Cost of sales Income tax expense Interest expense Net earnings Sales Selling, general, and administration expenses Other revenues Total revenues $11,551 379 26 1,159 16,220 3,543 430 16,658 Required: Prepare a statement of earnings for the year ended June 30, 2018. (Enter your answers in millions.)

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter2: Analyzing Transactions

Section: Chapter Questions

Problem 24E: The following data (in millions) were taken from the financial statements of Costco Wholesale...

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