Exercise 12-78 Short-Term Liquidity Ratios The financial statements for Scck Enterprises, a retailer, follow OBJECTIVE 5 Seek Enterprises Consolidated Income Statements (millions of dollars except per share data) December 31 2019 2018 2017 S19,233 $17.927 516,115 Costs and expenses: $14,164 3,175 498 446 343 $18,626 S 607 232 S 375 $13,129 2,978 459 437 313 $17 316 $ 611 228 $ 383 $11,751 2,801 410 398 283 $15,643 S 472 Cost of retail sales, buying, and occupancy Selling, publicity, and administration Interest expense, net Taxes other than income taxes Total costs and expenses Earnings before income taxes Provision for income taxes Net earnings 5 301 Continued) Exercise 12-78 Short-Term Liquidity Ratios The financial statements for Scck Enterprises, a retailer, follow OBJECTIVE 5 Seek Enterprises Consolidated Income Statements (millions of dollars except per share data) December 31 2019 2018 2017 S19,233 $17.927 516,115 Costs and expenses: $14,164 3,175 498 446 343 $18,626 S 607 232 S 375 $13,129 2,978 459 437 313 $17 316 $ 611 228 $ 383 $11,751 2,801 410 398 283 $15,643 S 472 Cost of retail sales, buying, and occupancy Selling, publicity, and administration Interest expense, net Taxes other than income taxes Total costs and expenses Earnings before income taxes Provision for income taxes Net earnings 5 301 Continued)