Question
At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes
At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year 1 Year Ago 2 Years Ago $ 26,186 79,806 $ 31,871 54,117 97,390 8,520 245,648 71,512 8,118 228,822 $ 457,550 $ 394,440 $ 116,209 86,019 162,500 92,822 $ 67,994 93,443 162,500 70,503 $ 457,550 $ 394,440 $ 31,890 44,256 46,209 3,724 202,621 $ 328,700 $ 42,955 71,190 162,500 52,055 $ 328,700 The company's income statements for the current year and one year ago, follow. Current Year For Year Ended December 31 Sales Other operating expenses $ 362,837 184,393 Cost of goods sold Interest expense Income tax expense Total costs and expenses Net income Earnings per share $ 594,815 1 Year Ago $ 469,384 10,112 7,733 565,075 $ 29,740 $ 1.83 $ 305,100 118,754 10,796 7,041 441,691 $ 27,693 $ 1.70
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