Sharp Uniforms designs and manufactures uniforms for corporations throughout the United States and Canada. The company's...

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Sharp Uniforms designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the company's financial statements follows. (assume that all sales were credit sales) SHARP (in millione) Current Year Prior Year Select Income Statement Information Net revenue Cost of goods sold Interest expense Income tax expense Net income $ 4,566 2,658 $ 4,330 2,543 Selling, general, and administrative expenses 1,310 1,236 86 84 240 205 388 336 Select Statement of Cash Flows Information Cash paid for interest 72 76 Cash flows from operating activities Select Balance Sheet Information 643 574 Cash and equivalents Marketable securities 527 380 13 Accounts receivable. 522 526 Inventories 265 261 Prepaid expense and other current assets 40 321 Accounts payable 185 128 Current accrued expenses 412 370 Current portion of long-term debt 8 22 Other current liabilities 116 92 Long-term debt 1,335 1,315 Sharp Uniforms designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the company's financial statements follows. (assume that all sales were credit sales) SHARP (in millione) Current Year Prior Year Select Income Statement Information Net revenue Cost of goods sold Interest expense Income tax expense Net income $ 4,566 2,658 $ 4,330 2,543 Selling, general, and administrative expenses 1,310 1,236 86 84 240 205 388 336 Select Statement of Cash Flows Information Cash paid for interest 72 76 Cash flows from operating activities Select Balance Sheet Information 643 574 Cash and equivalents Marketable securities 527 380 13 Accounts receivable. 522 526 Inventories 265 261 Prepaid expense and other current assets 40 321 Accounts payable 185 128 Current accrued expenses 412 370 Current portion of long-term debt 8 22 Other current liabilities 116 92 Long-term debt 1,335 1,315