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 $ 263.3 495.7 $ 42.4 394.0 7.8 542.4 703.2 558.7 Inventory Prepaid expenses and other current assets Current assets Property, plant, and equipment (net) 196.6 Intangibles and other assets $ 1,498.0 2,686.2 283.3 $ 1,706.2 2,529.3 569.3. Total assets $ 4,467.5 $ 4,804.7 Liabilities and Shareholders' Equity Accounts payable $ 551.9 $ 765.2 Short-term notes 294.1 623.4 Accruals and other current liabilities Current liabilities Long-term debt Deferred tax liability Other long-term liabilities Total liabilities Common stock (par and additional paid-in capital) Retained earnings Less: Treasury stock Total liabilities and shareholders' equity $2,776.4 212.9 2,546.9 (1,068.7) $ 4,467.5 418.0 1,680.9 (777.4) $ 4,804.7 661.2 608.5 $ 1,507.2 $ 1,997.1 623.6 623.3 452.6 684.7 193.0 178.1 $ 3,483.2