Zale Corporation Consolidated Income Statement Year ended July 31, 2013 and 2012 Revenues Cost of Sales Gross profit Selling, general and administrative Depre ciation Other opera9pg expenses Oncome), net Opegatipg earnings Interest expense Earnings before income taxes Income tax expense Net earnings (loss) Zale Corporation Consolidated Balance Sheets 31, 2013 Cash Mer chandi se inventory Other current assets Total current assets Property and equipmept, net of accumulated depreciation Other assets Total assets Accounts payaPl? Accrued payroll Other accrued liabilities Taxes payable and deferred income taxes Total current liabilities Long-term debt plus contributed capital Retained earning9 Total liabilities and stockholders' equity s 2013 903,602 984,414 916,274 33,770 (748) 35,118 23,182 11,936 1,924 10,012 2013 s 17,060 767,540 52,620 837,220 108,875 241,160 20,379 146,639 107,016 409,684 342,431 435,140 2012 905,613 961,265 902,287 37,887 2,387 18,704 44,649 (25,945) 1,365 $ (27,310) 2012 s 24,603 741,788 46,690 813,081 122,124 245,263 12,734 144,991 96,662 387,458 367,882 425,128