Net Sales: $1,500,000
Cost of Goods Sold: $934,000
Gross Profit: $566,000
Operating Expense: $376,000
Operating Income: $190,000
Other Expense: Interest: $15,000
Earnings Before Income Tax: $175,000
Income Taxes: $66,000
Net Income: $109,000
Dividends Paid: $48,000
Net Increase in Retained Earnings: $61,000
Assets:
Cash: $30,000
Receivables (net): $130,000
Inventory: $170,000
Land, Buildings, and Equipment (net): $650,000
Intangible Assets: $20,000
Total Assets: $1,000,000
Liabilities and Stockholders' Equity:
Trade Notes and Accounts Payable: $100,000
Miscellaneous Current Liabilities: $50,000
5% Bonds Payable: $300,000
Common Stock, $10 Par: $100,000
Additional Paid-In Capital: $51,000
Retained Earnings: $399,000
Total Liabilities and Stockholders' Equity: $1,000,000
Market Price of Stock at End of Year: $81