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2019 2018 2017 Assets Current Assets Cash 5 484 $ 270 Accounts receivable, net 2,173 1,723 1,675 Inventories 4,108 3,513 3,239 Other current assets 404

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2019 2018 2017 Assets Current Assets Cash 5 484 $ 270 Accounts receivable, net 2,173 1,723 1,675 Inventories 4,108 3,513 3,239 Other current assets 404 182 Total Current Assets 7,169 5,688 Property, Plant, and Equipment, net 8,387 6,169 Goodwill 9,739 9,739 Intangible Assets, net 7,037 6,759 Long-term Investmemts 765 754 Total Assets 5 33,097 5 29,109 5 28,066 Liabilities and Stockholders' Equity Current Liabilities Accounts payable 5 1,926 $ 1,694 $ 1,698 Unearned revenues 609 582 Current debt 2,102 1,911 Accrued expenses 876 844 Total Current Liabilities 5,513 5,031 Long-Term Debt, including Bonds Payable 10,189 7,962 Other Borrowings 3,313 3,313 Stockholders' Equity Common stock 45 45 Additional paid-in capital 4,400 4,387 Retained earnings 13,448 12,314 Treasury stock, at cost 3,811 3,943 Total Stockholders' Equity 14,082 12,803 TotalLiabilities and Stockholders' Equity 5 33,097 $ 29,109 $ 28,066 2019 2018 Net sales revenue 5 42,405 5 40,052 Cost of goods sold 37.383 34,956 Gross profit 5,022 5,096 Selling, general, and administrative expenses 1,000 1,007 Depreciation expense 819 723 Amortization expense 279 220 Research and development expenses 97 114 Operating income 2,827 3,032 Interest income 11 7 Interest expense 462 350 Loss on retirement of bonds payable 11 - Gain on sale of land 66 56 Pre-tax income 2,431 2,745 Income tax expense 396 282 Net income 5 2,035 $ 3,027 Earnings per share 5 5.56 S 8.20 Average shares outstanding (millions) 366 369 At the end of 2019, TD Ameritrade has bonds payable with a net carrying value of $7,578 million on its balance sheet, including both the $7,000 million principal and $578 million Premium on bonds payable. The bonds' stated rate is 5% (paid annually), the current market rate is 3%, and the market rate at the time the bonds were issued was 4%. How much will interest expense on the bond be during 2020? How much will the bond premium be amortized during 2020? Stated rate: Current market rate: Market rate at time of bond issuance: Bonds payable at end of 2019: Premium on bonds payable at end of 2019: Interest expense on the bonds in 2020: Amortization of the bond premium in 2020: 0.05 0.03 0.04 7,000 578

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