McKesson Corporation ’s annual report for the year ended March 31, 2009, include

Question

McKesson Corporation ’s annual report for the year ended March 31, 2009, includes income statements for three years: ending on March 31, 2007, 2008, and 2009. Net income for these three years is as follows (all in millions): $913 (2007), $990 (2008), and $823 (2009). Further analysis of the same income statements reveals that revenues were the following amounts for these same years (all in millions): $92,977 (2007), $101,703 (2008), and $106,632 (2009).

State each year's net income as a percentage of revenues


Net Income for 2007 % ?
Net Income for 2008 % ?
Net Income for 2009 % ?

Explanation / Answer

The percentage of the income relative to revenue is equal to (income/revenue)*100.
Applying this,
2007: 100*(913/92,977) = .982%
2008: 100*(990/101,703) = .973%
2009: 100*(823/106,632) = .772%

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