P6-49A Black Corporation operates general merchandise and food discount stores in the United...
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Accounting
P6-49A Black Corporation operates general merchandise and food discount stores in the United States. The company reported the following information for the three years ending January 31, 2020: B D E 1 Black Corporation Income Statement (Adapted) For the years ended 2 3 4 5 6 7 8 9 10 11 (in millions) Total net revenue Cost of revenue Selling, general, and administrative Operating income or loss Other revenue (expense) Income before tax Income tax expense Net income Jan. 31, 2020 $ 67.390 45,725 16,413 5.252 (757) 4,495 (1,575) $ 2.920 Jan. 31, 2019 $ 65,357 44,062 16.622 4,673 (801) 3,872 (1,384) S 2.488 Jan. 31, 2018 $ 64,948 44.157 16,389 4,402 (866) 3.536 (1.322) $ 2,214 B D E Black Corporation Partial Balance Sheet (Condensed) 2 3 4 5 6 7 (in millions) Total current assets Property, plant, and equipment Other assets Total assets Jan. 31, 2020 $17.213 25,493 999 $ 43,705 Jan. 31, 2019 $ 18,424 25.280 829 $ 44,533 Jan. 31, 2018 $ 17,488 25,756 862 $ 44,106 Requirement Using the facts provided, identify or calculate the information that is relevant to deciding whether or not the company was profitable and specify how each piece is relevant to your lecision
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