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Answer the following questions about income statements by doing some research: a. If there is no mention of depreciation in the income statement, what item(s) in the income statement will reflect it? b. You will find “minority interest” as an item in some income statements (see for example Coca-Cola’s). What does it mean? c. What is the difference between EPS and diluted EPS? d. In class, I said “operating income” (which is obtained by subtracting from revenue all costs apart from interests and taxes) is a synonym for EBIT. Strictly speaking, this is not true. What might cause there to be a difference between the two? e. What is “goodwill”? f. Where can we find information on “current portion of long-term debt”?

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