hw6_401 - Chapter 6 Problem 14 - Avon Products Using the...

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Chapter 6 Problem 14 -- Avon Products Using the financial statements provided below and any other information you find relevant, answer the following questions: a. Book Value of Shareholders equity = (446.4) 2001 2002 2003 L/A 1.02 1.04 0.9 X Int Earned b. c. f. g. AVON PRODUCTS 1345 Avenue Of The Americas ANNUAL INCOME STATEMENT New York, NY 10105 (MILLIONS, EXCEPT PER SHARE) Ticker: AVP 2001 2002 2003 Sales 5,957.8 6,228.3 6,876.0 Cost of Goods Sold 2,156.9 2,217.6 2,481.8 Gross Profit 3,800.9 4,010.7 4,394.2 2,889.5 2,979.6 3,213.6 Operating Income Before Deprec. 911.4 1,031.1 1,180.6 109.0 124.8 123.5 Operating Profit 802.4 906.3 1,057.1 Interest Expense 71.1 59.7 49.0 Non-Operating Income/Expense 36.3 25.3 (0.3) Special Items (77.9) (36.3) (14.3) Pretax Income 689.7 835.6 993.5 Total Income Taxes 240.3 292.3 318.9 Minority Interest 4.5 8.7 9.8 444.9 534.6 664.8 Extraordinary Items
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hw6_401 - Chapter 6 Problem 14 - Avon Products Using the...

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