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Selected income statement information for Colgate Palmolive Company, a U.S. consumer products manufacturer, appears below for the years ended December 31, 2007, 2006, and 2005. Colgate reports all amounts in millions of U.S. dollars ($). Compute the missing amounts for the three years.

 

2007

2006

2005

Sales . . . . . . . . . . . . . . . . . . . . . . . . . .

$13,790

?

11,397

Cost of Goods Sold . . . . . . . . . . . . . . . . .

?

5,536

5,192

Selling and Administrative Expenses . . . . .

4,973

$4,355

3,921

Other (Income) Expense . . . . . . . . . . . . .

121

186

69

Interest Expense, net . . . . . . . . . . . . . . .

157

159

136

Income Tax Expense . . . . . . . . . . . . . . . .

759

648

728

Net Income . . . . . . . . . . . . . . . . . . . . . .

1,738

1,354

?

Reference no: EM13479844

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