Use the accounts below for Delphi Automotive PLC for December 31, 2016 to prepar
ID: 2330527 • Letter: U
Question
Use the accounts below for Delphi Automotive PLC for December 31, 2016 to prepare an income statement and a balance sheet.
$ 1,636
13,107
839
5,381
2,938
410
3,358
1,585
1,572
414
1,232
2,563
3,515
1,980
16,661
242
(853
($ millions) Contributed capital$ 1,636
Cost of sales13,107
Cash839
Long-term liabilities5,381
Accounts receivable2,938
Other current assets410
Other long-term assets3,358
Other current liabilities1,585
Other operating expenses1,572
Other nonoperating expenses414
Inventory1,232
Accounts payable2,563
Property, net3,515
Retained earnings1,980
Sales16,661
Tax expense242
Other equity(853
)Explanation / Answer
Income statement :
Balance sheet:
Sales 16661 Less: Cost of sales -13107 Gross profit 3554 Less: Other operating expenses -1572 Operating income 1982 Less: Other nonoperating expenses -414 Income before tax 1568 Less: Tax expense -242 Net income 1326Related Questions
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