2006 2005 Current assets Long-term assets Current liabilities Long-term debt Common equity $4.650 $4.730 7,120 6,450 1.440 1,340 3,830 3,760 6,500 6,080 Operating income Interest expense Tax expense (40%) Net income 2,140 240 760 1,140 Assume all assets are operating assets; all current liabilities are operating liabilities