thousands current year last year Consolidated Balance Sheet Assets Current assets Cash and cash equivalents Receivables net of allowances Inventories Prepaid expenses Other current assets Total current assets $265,455 18,050 153,058 14,167 6.094 456.824 $119,361 25,677 165,426 11,997 7188 329.649 Long term assets Property, Plant and Equipment (net) Other long term assets Total long term assets 1,052,636 66.748 1.119.384 1,043,284 59.315 1.102.599 $1.576.208 $1.432.248 Total assets Liabilities Current liabilities Current portion of long term debt Notes payable Accounts payable Accrued liabilities Other current liabilities Total current liabilities 0 1.117 133,117 134,199 177.178 445.611 25,000 4,704 98,477 123,244 93.013 344.438 400,000 8,704 50,031 133.594 592 329 375,000 3239 57,709 123.221 559169 Long term liabilities Long term notes payable Other long term debt Deferred income taxes Other long term liabilities Total long term liabilities Total liabilities Stockholders' equity Common stock Additional paid-in capital Other equity inc treasury stock Retained earnings Total stockholders' equity $1,037,940 $903,607 240 56,066 (3.725) 485.687 538.268 238 39,969 (4.733) 493.167 528.641 Total liabilities and stockholders' equity $1.576.208 $11422.248 thousands Retained earnings statement Retained earings, 1/1 Add net income Less dividends paid Retained earnings 12/31 $493,167 163,903 171.383 $485.687 Consolidated income statement Net sales Less cost of goods sold (without depreciation) Gross margin General and administrative expenses Other operating expenses Depreciation Operating income Interest income Income before interest and taxes (EBIT) Interest expense Income before taxes Income tax expense (refund) Net income $2,842,284 924. 171 1,918,113 1,442,734 147,544 72.955 254,880 0 254,880 16.679 238,201 74.298 $163.903 Sampled firm #3 Calculated metrics for Sampled firm #3 using balance sheet and income statement: working capital average income tax rate inventory turnover days' sales in inventory receivables turnover days' sales in receivables payables turnover days' cost in payables cash cycle average tax rate assets turnover capital intensity ratio ROA ROE