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Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: 2016 (Thousands of Dollars, Except Earnings per Share) Sales
Packard Plastics, Inc., manufactures various plastic and synthetic products. Financial statement data for the firm follow: 2016 (Thousands of Dollars, Except Earnings per Share) Sales revenue $825,000 Cost of goods sold 540,000 Net income 50,500 Dividends 15,000 Earnings per share 4.25
2,700 60,900 140,000 203,600 194,000 3,900 447,900 $401,500 Accounts receivable (net) 66,900 148,000 219,000 215,000 13,900 nventory Total Current Assets Plant assets (net) Other assets Total Assets Liabilities and Stockholders' Equity Notes payable-banks Accounts payable Accrued liabilities 531,000 27,600 25,100 83,700 150,000 233,700 525,000 23,000 24,800 72,800 150,000 222,800 Total Current Liabilities 10% Bonds payable Total Liabilities
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