The 2015 financial statements for the Ernst and Young companies are summarized here Young Company Ernst Company Balance sheet Cash Accounts receivable (net) Inventory Operational assets (net) Other assets $ 41,300 38,300 100,300 141,800 84,900 $ 22,100 33,000 40,800 402,000 305,400 Total assets $406,600 $803,300 Current liabilities Long-term debt (10%) Capital stock (par $10) Contributed capital in excess of par Retained earnings $ 98,900 63,300 149,100 29,400 65,900 $47,400 60,000 511,700 104,700 79,500 Total liabilities and stockholders' equity $406,600 $803,300 Income statement Sales revenue (1/3 on credit) Cost of goods sold Expenses (including interest and income tax) $448,800 (242,100) (16,300) 802,900 (399,100) (311,900) Net income $190,400 $ 91,900 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 95,100 61,000 $ 39,700 44,300 48,700 25 23 30% 30% $ 34,600 $148,900 The 2015 financial statements for the Ernst and Young companies are summarized here Young Company Ernst Company Balance sheet Cash Accounts receivable (net) Inventory Operational assets (net) Other assets $ 41,300 38,300 100,300 141,800 84,900 $ 22,100 33,000 40,800 402,000 305,400 Total assets $406,600 $803,300 Current liabilities Long-term debt (10%) Capital stock (par $10) Contributed capital in excess of par Retained earnings $ 98,900 63,300 149,100 29,400 65,900 $47,400 60,000 511,700 104,700 79,500 Total liabilities and stockholders' equity $406,600 $803,300 Income statement Sales revenue (1/3 on credit) Cost of goods sold Expenses (including interest and income tax) $448,800 (242,100) (16,300) 802,900 (399,100) (311,900) Net income $190,400 $ 91,900 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 95,100 61,000 $ 39,700 44,300 48,700 25 23 30% 30% $ 34,600 $148,900