The Hialeah Medical Corporation financial statements follow: Hialeah Medical's common-size income statement for 2014 would report cost of goods sold as

A. 79.0%.

B. 132.2%.

C. $33,691 million.

D. Up by 15.7%.

Hialeah Medical Corporation
Consolidated Statements of Financial Position
	December 31,
(In Millions)	2014	2013
Assets:
Current assets
Cash and cash equivalents	$4,344	$4,249
Accounts and notes receivable	3,401	2,405
Short-term investments	800	520
Inventories, at cost	422	412
Prepaid expense and other current assets	1,685	1,287
Total current assets	10,652	8,873
Property and equipment, net	1,550	907
Investments	6,681	5,326
Other non-current assets	310	156
Total assets	$19,193	$15,262
Liabilities and stockholder's equity:
Current liabilities
Accounts payable	$7,704	$6,009
Accrued and other liabilities	3,688	3,088
Total current liabilities	11,392	9,097
Long-term debt	304	305
Other non-current liabilities	1,682	1,174
Total liabilities	13,378	10,576
Stockholders equity
Preferred stock and capital in excess of $0.02 par value;
shares issued and outstanding: none	-	-
Common stock and capital in excess of $0.05 par value;
shares authorized: 6,000; shares issued: 3,068 and
2,797, respectively	7,802	7,001
Treasury stock, at cost; 182 and 111 shares, respectively	(6,200)	(4,402)
Retained earnings	4,336	2,171
Other comprehensive loss	(91)	(42)
Other	(32)	(42)
Total stockholders equity	5,815	4,686
Total liabilities and stockholders equity	$19,193	$15,262

Hialeah Medical Corporation

Consolidated Statements of Income

Year ended December 31,

(In Millions, Except per Share Amounts)

2014

2013

2012

Net revenue

$42,666

$35,614

$30,968

Cost of goods sold

33,691

29,111

25,477

Gross profit

8,975

6,503

5,491

Operating expenses:

Selling, general, and administrative

3,748

3,000

2,984

Research, development, and engineering

586

554

531

Special charges

-

-

492

Total operating expenses

4,334

3,554

4,007

Operating income

4,641

2,949

1,484

Investment and other income (loss), net

200

194

(30)

Income before income taxes

4,841

3,143

1,454

Income tax expense

1,135

925

480

Net income

$3,706

$2,218

$974

Earnings per common share:

Basic

$1.33

$0.97

$0.35