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Comparative financial statement data for Martinez Corp. and Novak Corp., two competitors, appear below All balance sheet data are as of December 31, 2022.
Comparative financial statement data for Martinez Corp. and Novak Corp., two competitors, appear below All balance sheet data are as of December 31, 2022. Martinez Corp. Novak Corp. 2022 2022 Net sales Cost of goods sold $1,872,000 $644,800 1,222,000 353,600 Operating expenses 294,320 101,920 Interest expense 10,380 4,340 Income tax expense 88,500 37.440 Current assets 445,550 200,070 Plant assets (net) 553,250 142,930 Current liabilities 66,500 35,100 Long-term liabilities 133,260 36,930 Net cash common by operating activities 143,520 37,440 Capital expenditures 93,600 20,800 Dividends paid on common stock 37.440 15,600
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