Q2) Consider the financial statement of Kmart given in the table below. Kmart 2010 2009 Income Statement Net operating revenues 734800 647000 Cost of goods sold 548400 486500 Gross Profit 186500 160600 Selling, general and administrative expenses 143300 124100 Operating income 43200 36500 Interest expense 3800 3500 Other income (loss)- net) 400 500 Income before taxes 39800 33500 Income taxes 12900 11500 Other expenses 1100 600 Net income 25900 21500 Balance Sheet Assets 2010 2009 Cash and cash equivalents 14300 11700 Short term investments 0 Net receivables 7500 6300 Inventories 59700 55300 Total current assets 87000 78400 Property, plant and equipment 184200 153100 Goodwill 29100 24500 Other assets 7100 5800 Total assets 307300 261500 Liabilities and Stockholder Equity 2010 2009 Accounts payable 91000 76300 Short-term debt 8900 12300 Other current liability Total current liability Long-term debt Other liabilities Total liabilities Stockholder equity 179400 156400 9500 4300 200 200 100100 76300 65600 55300 13900 12500