Gross PromL Percentage The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 $212,000 Sales revenue 123,000 Cost of goods sold 8,300 Net income 2,600 Dividends 4.15 Earnings per share Hi-Tech Instruments, Inc Balance Sheet Dec. 31, 2016 Dec. 31, 2015 (Thousands of Dollars) Assets $18,300 $18,000 Cash 41,000 46.000 Accounts receivable (net) 43,700 39,500 Inventory 102,700 103,800 Total current assets 50,500 52,600 Plant assets (net) 13,800 15,600 Other assets $172,000 $167,000 Total assets Liabilities and Stockholders' Equity $6,000 $6,000 Notes payable-banks 18,700 22.500 Accounts payable 16,500 21,000 Accrued liabilities 45,700 Total current liabilities 45,000 9% Bonds payable 40,000 40,000 Total liabilities 85.700 85,000 Common stock, $25 par value (2.000,000 shares) 50,000 50,000 Support