Selected information from PharmaCare’s financial statements for the years ended December 31, Year 6.

Selected information from PharmaCare’s financial statements for the years ended December 31, Year 6 and Year 7, appear below. PharmaCare is a German pharmaceutical company that applies IFRS and reports its results in millions of euros (€). a. What portion of PharmaCare’s total net income in Year 7 came from discontinued operations? How does this compare to Year 6? b. What portion of PharmCare’s total assets in Year 7 is associated with discontinued operations? How does this compare to Year 6? c. What explains the large decline in PharmCare’s assets held for discontinued operations in Year 7? PharmaCare Balance Sheet and Income Statement Data December 31, Year 7 and Year6

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