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Do the assigned questions using Malimash, Inc.'s 2014 financial data below:
Malimash, Inc.
2014 Financial Data ($ millions)
Income Statement Data
Sales Revenue
$7,120.00
Depreciation
$230.00
Interest Expense
$10.00
Pretax Income
$2,550.00
Income Taxes
$900.00
Net Income
$1,650.00
Balance Sheet Data
Current Assets
$4,850.00
Fixed Assets, Net
$2,400.00
Total Assets
$7,250.00
Current Liabilities
$3,290.00
Long-Term Debt
$100.00
Shareholders' Equity
$3,860.00
Total Liabilities and Shareholders' Equity
Required:
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