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The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Handy Tool Corp. Selected Financial Information (amounts
The following information relates to Handy Tool Corp., and Toolbox Inc. for their 2018 and 2017 fiscal years. Handy Tool Corp. Selected Financial Information (amounts in millions, except per share amounts) January 28, 2018 Total current assets $ 11,090 Merchandise inventory 10,178 Property and equipment, net of depreciation 22,292 Total assets 38,348 Total current liabilities 14,510 Total long-term liabilities 17,064 Total liabilities 31,574 Total shareholders' equity 6,774 Revenue 135,014 Cost of goods sold 106,578 Gross profit 28,436 Operating income 3,904 Earnings from continuing operations before income tax expense 3,838 Income tax expense 1.122 Net earnings 2,716 Basic earnings per share 2.72 January 29, 2017 $ 9,505 8,559 18, 184 31,519 11,523 14, 189 25,712 5,807 105,888 84, 106 21,782 2,933 2,457 808 1,649 1.65
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