In: Accounting
Use the accounts below for Delphi Automotive PLC for
December 31, 2016 to prepare an income statement and a balance
sheet.
($ millions)
Contributed capital $1,636
Cost of sales 13,107
Cash 839
Long-term liabilities 5,381
Accounts receivable 2,938
Other current assets 410
Other long-term assets 3,358
Other current liabilities 1,585
Other operating expenses 1,572
Other non-operating expenses 414
Inventory 1,232
Accounts payable 2,563
Property, net 3,515
Retained earnings 1,980
Sales 16,661
Tax expense 242
Other equity (853)