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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
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
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