COMPOS $5,200,000 2,080,000 240,000 280,000 420,000 40% $1,800,000 2,400,000 Net sales (all on account) Cost of goods sold Interest expense Income tax expense Net income Income tax rate Total assets: January 1 December 31 Shareholders' equity (all common): January 1 December 31 Current assets, December 31 Quick assets, December 31 Current liabilities, December 31 Net accounts receivable: January 1 December 31 Inventory: January 1 December 31 1,500,000 1,600,000 700,000 400,000 300,000 200,000 180,000 210,000 250,000 Refer to Exhibit 4-1. Blue Bell's inventory turnover for the year was 8.3 times 9.0 times 12.0% 11.1%