Presented below are condensed financial statements adapted from those of two actual companies competing as the primary players in a specialty area of the food manufacturing and distribution industry ($ in millions, except per share amounts.) Assets Cash Accounts receivable (net) Short-term investments Balance Sheets Metropolitan Republic $ 195.3 441.7 $ 41.4 335.0 6.8 Inventory Prepaid expenses and other current assets Current assets Property, plant, and equipment (net) Intangibles and other assets Total assets Liabilities and Shareholders' Equity Accounts payable Short-term notes Accruals and other current liabilities Current liabilities Long-term debt Deferred tax liability Other long-term liabilities Total Habilities Common stock (par and additional paid-in capital) Retained earnings Less: Treasury stock Total liabilities and shareholders' equity Net sales 649.2 483.4 147.6 496.7 $1,268.0 $1,529.1 2,626.2 2,155.2 233.3 485.1 $ 4,127.5 $ 4,169.4 $ 490.9 245.1 $ 707.2 577.4 609.2 557.5 $1,345.2 $ 1,842.1 554.6 565.3 401.6 630.7 126.0 116.1 $3,154.2 350.0 1,617.9 $ 2,427.4 161.9 2,497.9 (959.7) $4,127.5 (952.7) $4,169.4 Income Statements $ 5,722.0 5 7,781.2