Samsung Electronics Co.docx - Samsung Electronics Co...

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Samsung Electronics Co., Ltd. (SSNLF) What is the value of the company's inventory at year end? The value at the end of 2017 was $24,983,400,000, on 2016 was $18,353,503,000 and on 2015 was $18,811,794,000 What was the amount of cost of goods sold for the year? Cost of goods sold for 2017 was $129,290,000, for 2016 was $122,682,833 and on 2015 was $125,733,390. What income statement format does the company use? Explain. Samsung it’s using a single-step income statement format. A single step income statement uses just one subtraction. This is done by subtotaling all the revenues and gains together at the top of income statement and subtotaling all the expenses and losses together below revenues. The sum of expenses and losses is then subtracted from the sum of revenues and gains to arrive at net income. (Revenues + Gains) − (Expenses + Losses) = Net Income Compute the company's gross profit percentage for the year end.
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