10 ' ' % Alignment Number F| Conditional Format as Cell Formatting Table Styles Styles Paste Clipboard A1 Calibri BIU Font 4 st 5 Assets 6 Current assets: A fx M Cells Editing Recent financial statements for Zimmer, Inc. are as follows: B This Year Last Year E F This Year < 7 Cash 8 Marketable securities 9 Accounts receivable, net 10 Inventory 11 Other current assets $ ss 360,000 $310,000 Sales (all on account) $4,980,000 220,000 80,000 Cost of goods sold 2,988,000 775,000 700,000 Gross margin 1,992,000 925,000 750,000 Selling and administrative expenses 355,000 195,000 Operating expenses 985,500 12 Total current assets 13 Plant and equipment, net 14 Other assets 15 Total assets 16 Liabilities and Stockholders' Equity 17 Current Liabilities: 2,635,000 2,035,000 Depreciation and amortization 410,500 1,975,000 1,800,000 General and administrative expenses 150,000 75,000 100,000 Total selling and administrative expenses 1,546,000 4,685,000 $3,935,000 Net operating income 446,000 Interest expense 60,000 Net income before taxes 386,000 18 Accounts payable 19 Short-term bank loans $ 250,000 $ 225,000 Income taxes 750,000 600,000 Net income 135,100 $ 250.900 20 Accrued payables 21 Other current liabilities 22 Total current liabilities 23 Bonds payable, 10% 24 Total liabilities 25 Stockholders' equity: 550,000 395,000 275,000 223,400 Additional information: 1,825,000 575,000 2,400,000 1,443,400 Dividend per share paid in current year 400,000 Market price of shares at year end 1,843,400 Par value of common stock per share $ 1.00 42.00 20.00 26 Common stock 1,150,000 1,150,000 Number of shares outstanding Sheet1 READY Attempt(s) + 100% Hint Show Me