Intel Corporation
Income Statement ($ millions)
Dec-16 Dec-15 Dec-14 Dec-13 Dec-12
Sales 59387 55355 55870 52708 53341
Cost of Goods Sold-
(COGS) incl. D&A 23425 20651 20522 21418 20507
Gross Income ? ? ? ? ?
SG&A Expense 21149 19835 19693 18729 18117
EBIT-
(Operating Income) 14813 14869 15655 12561 14717
Nonoperating-
Income - Net 533 -51 224 595 463
Interest Expense 733 337 192 244 90
Unusual Expense - Net 1677 269 -114 301 217
Pretax Income ? ? ? ? ?
Income Taxes ? ? ? ? ?
Net Income 10316 11420 11704 9620 11005

(a) Create the required formulas to calculate the missing variables, and format the results to match the other numbers.
(b) Calculate the average tax rate, the gross profit margin, and the net profit margin for 2012-2016. Format the results as percentages with two decimal places.
(c) Create a line chart showing the gross profit margin and the net profit margin for 2012-2016. Make sure to title the chart and label the axes.
(d) Create a copy of the income statement and replace each item with a formula that shows it as a percentage of sales. You should only use one formula that can be copied and pasted to the rest of the income statement.

a. Gross income = sales - COGS

Pretax = gross income - SG$A expense +operating income + non operating income- interest expense - unusual expense

income taxes = Pretax - net income

income statement    20162015201420132012

sale                        5938755355558705270853341

COGS                2342520651205222141820507

gross earnings  3596234704353483129032834

SG&A EXPENSE  2114919835196931872918117

operating income  1481314869156551256114717

non operating income  533  -51          224   595463

interest expense  733    337    192          24490

unusual expense  1677269        -114    301          217

pretax                2774929081314562517229590

income taxes         1743317661197521555218585

Net income          103161142011704962011005

b. Average tax rate = total taxes / total taxable income ( for this calculation we need the tax table for identifying the correct tax brackets for each taxable income falling on it.

                                             2016            2015        2014       2013          2012

gross profit margin       0.61%          0.63%   0.63%   0.59%     0.62%

net profit margin        0.17 %         0.21%        0.21%    0.18%      0.21 %

c. is attached

d.income statement  20162015201420132012

sale                             100   100   100  100           100

COGS                   39.44%37.31%36.73%40.64%38.45%

gross earnings  60.56%62.69%63.27%59.36%61.55%

SG&A EXPENSE  35.61%35.83%35.25%35.53%33.96%

operating income  24.94%26.86%28.02%23.83%27.59%

non operating expense  0.90%-0.09%0.40%1.13%0.87%

interest expense  1.23%0.61%0.34%0.46%0.17%

unusual expense  2.82%0.49%-0.20%0.57%0.41%

pretax                   46.73%52.54%56.30%47.76%55.47%

income taxes          29.35%31.90%35.35%29.51%34.84%

Net income        17.37%20.63%20.95%18.25%20.63%

Explanation:

gross profit margin = gross profit/ sales

net profit margin = net profit / sales

no c is an attachment

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