Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 35

McKesson Corporation 's annual report for the year ended March 31, 2012, includes income statements for three years: ending on March 31, 2010, 2011, and 2012.et income for these three years is as follows (all in millions): $1,263 (2010), $1,202 (2011), and $1,403 (2012).urther analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $108,702 (2010), $112,084 (2011), and $122,734 (2012).tate each year's net income as a percentage of revenues and comment briefly on the trend you see over the three-year period.