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ACC 600 Spring 2014 Midterm
Refer to the financial statement data for the company ABC
Financial Statements
INCOME STATEMENT (in millions)

Fiscal year end201320122011
Sales$2,696$ 3,139$ 2,816
Cost of Goods Sold(1,252)(1,288)(1,099)
Selling, General & Admin. Exp.
Advertising(387)(364)(297)