Supply the missing income statement amounts for each of the following companies (amounts adapted, in millions or billions):
|
Company |
Net Sales |
Beginning Inventory |
Purchases |
Ending Inventory |
Cost of Goods Sold |
Gross Profit |
|
Krispy Kreme |
$543 |
$29 |
$470 |
$24 |
(a) |
(b) |
|
Hewlitt Packard |
74 |
7 |
(c) |
8 |
(d) |
19 |
|
PepsiCo |
(e) |
(f) |
16 |
2 |
16 |
19 |
|
Best Buy |
31 |
2 |
24 |
(g) |
23 |
(h) |
Prepare the income statement for Krispy Kreme Doughnuts, Inc., in millions of dollar for the year ended January 31, 2006. Use the cost of goods sold model to compute cost of goods sold. Krispy Kreme’s operating and other expenses, as adapted, for the year were $2,040. Ignore income tax.