2019 2018 Revenues Net sales Other revenues $ 210,300 8,200 218,500 $175,400 6,600 182,000 Total revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses 125,900 19,100 10,400 2,100 19,400 176,900 102,900 17,100 9,400 2,100 16,400 147,900 Net income $ 41,600 $ 34,100 $ 5,000 2,000 35,600 101,400 3,800 147,800 105,200 21,000 $274,000 $ 7,400 2,000 30,900 94,300 2,800 137,400 105, 200 0 $ 242,600 Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (40,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 39,100 15, 200 54,300 65,300 119,600 $ 54,400 15,800 70,200 66,300 136,500 113,200 41,200 154,400 $274,000 113,200 (7,100) 106,100 $ 242,600 h. Working capital i. Current ratio 2.72 j. Quick (acid-test) ratio k. Accounts receivable turnover I. Inventory turnover times times times times