2014 2013 2014 2013 10,470 Total Assets 128,980 113,110 8,055 5,300 42,335 Cash and Cash Equivalents 12,250 Receivables 9,065 Inventory 6,620 Prepaid Expenses 8,545 Total Curent Assets 36,480 Other Assets 92,500 10,600 18,960 Total current liabilities 36,150 Long-term Liabilities 23,990 Mercedes Aldana, Capital 68,840 Total Liabilities and Equity 128,980 34,425 51,815 113,110 78,685 2014 Sales 104,705 Cost of Sales 32,275 69,430 35,325 12,815 Gross Profit Selling Expenses Administrative Expenses Operating Income Interest Expense Net Income 21,290 1,050 20,240 7. Merdana Trading Ltd.'s gross profit rate can be described as a) 34% b) 19% c) 20% d) 66%