Chapter 11
TO THE NET
1. a. “Kimberly-Clark Corporation was incorporated in Delaware in 1928. We are a
global company focused on leading the world in essentials for a better life
b.
December 31,
2010
December 31,
2009
(In millions)
Inventory balance
$2,373
$2,033
Inventory valuation adjustment
246
209
e. The approximate income for 2010 if inventory had been valued at approximate
current cost.
2010 Net income (in millions)
$
1,843.00
Net increase in inventory valuation:
2010
$
246
2009
209
(a)
$
37
(b) Effective tax rate
30.9%
(c) Changes in taxes (a x b)
$
11.43
(d) Net increase in income (a – c)
25.57
Estimated income if the inventory were presented at
approximate current acquisitions cost
$
1,868.57
well-established distribution channels, recognized bands and long-standing
customer relationships. We utilize 16 strategically located manufacturing,
technical and other facilities in North America, Europe and Asia to service our
broad customer base.” 10-K
b.
Income (loss) from
2010
2009
$45,800,000
$37,500,000
c.
59.5%
Chapter 11
d.
1. $83,100,000
2. $30,100,000
3. $500,000
4. 1,200,000