QUESTION

Text
Image

Dell, Inc. is a global information technology company headquartered in Round Rock, Texas. The following is a reproduction of the terms and amounts in the financial statements contained in the company&qpos;s annual report for the fiscal year ended February 3, 2012 (in millions):
\begin{tabular}{lrlr}
\hline Net revenue &   \$ 62,071   & Retained earnings at & \\
Cash & 13,852 & beginning of year &   \$ 24,744   \\
Interest and other expenses & 191 & Cost of products and services & 48,260 \\
Income tax provision & 748 & Retained earnings at end of year & 28,236 \\
Accounts payable & 11,656 & & \\
Research, development and engineering expenses & 856 & Selling and administrative expenses & 8,524 \\
\hline
\end{tabular}
Choose the relevant data and prepare the income statement for the fiscal year. The final three lines of the income statement should be labeled earnings before income taxes, income tax provision, and net income. Also, using the retained earnings account, compute the amount of cash dividends paid during the fiscal year ending February 3,   $2012 .$  


Dell, Inc. is a global information technology company headquartered in Round Rock, Texas. The following is a reproduction of the terms and amounts in the financial statements contained in the company's annual report for the fiscal year ended February 3, 2012 (in millions): \begin{tabular}{lrlr} \hline Net revenue & $\$ 62,071$ & Retained earnings at & \\ Cash & 13,852 & beginning of year & $\$ 24,744$ \\ Interest and other expenses & 191 & Cost of products and services & 48,260 \\ Income tax provision & 748 & Retained earnings at end of year & 28,236 \\ Accounts payable & 11,656 & & \\ $\begin{array}{l}\text { Research, development and } \\ \text { engineering expenses }\end{array}$ & 856 & $\begin{array}{l}\text { Selling and administrative } \\ \text { expenses }\end{array}$ & 8,524 \\ \hline \end{tabular} Choose the relevant data and prepare the income statement for the fiscal year. The final three lines of the income statement should be labeled earnings before income taxes, income tax provision, and net income. Also, using the retained earnings account, compute the amount of cash dividends paid during the fiscal year ending February 3, 2012.

Public Answer

TZMZFE The First Answerer