The 2015 financial statements for the Ernst and Young companies are summarized here Ernst Company Young Company Balance sheet Cash Accounts receivable (net) Inventory Operational assets (net) Other assets $ 41,700 38,200 100,700 140,400 84,000 $ 21,700 31,800 42,000 402,600 306,200 Total assets $ 405,000 804,300 Current liabilities Long-term debt (8%) Capital stock (par $10) Contributed capital in excess of par Retained earnings $ 97,700 64,900 149,100 30,100 63,200 $ 48,300 58,400 511,100 105,300 81,200 Total liabilities and stockholders' equity $ 405,000 804,300 Income statement Sales revenue (1/3 on credit) Cost of goods sold Expenses (including interest and income tax) $802,700 $447,000 (241,900) (16,200) (398,100) (311,700) Net income $188,900 $ 92,900 Selected data from the 2014 statements Accounts receivable (net) Inventory Long-term debt Other data Per share price at end of 2015 (offering price) Average income tax rate Dividends declared and paid in 2015 $ 19,500 95,800 61,400 $ 39,000 44,400 49,400 19 $17 $ 33,500 $148,300