Question
11,842 336,486 102,412 11,739 311,451 $ 542,722 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets
11,842 336,486 102,412 11,739 311,451 $ 542,722 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current Year 1 Year Ago $ 37,144 108,731 135,355 $ 43,418 73,702 $ 629,558 Accounts payable $ 156,760 $ 93,554 Long-term notes payable Common stock, $10 par value 120,724 162,500 Retained earnings 189,574 160,594 Total liabilities and equity $ 629,558 $ 542,722 126,074 162,500 2 Years Ago $ 43,019 56,773 64,222 4,731 274,655 $ 443,400 $ 60,285 99,951 162,500 120,664 $ 443,400 The company's income statements for the current year and one year ago, follow For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income tax expense Total costs and expenses Net income Earnings per share Current Year $ 818,425 $ 499,239 253,712 13,913 10,640 777,504 $ 40,921 $ 2.52 1 Year Ago $ 419,795 163,397 14,854 9,688 $ 645,839 607,734 $ 38,105 $ 2.34
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