Property, plant, and equipment (net) 410
Investments
188
380
188
Intangibles and other assets 530
510
Total assets $2,891 $2,761
Current liabilities
$998 $968
Long-term liabilities 675
575
Stockholders’ equity—common
1,218 1,218
Total liabilities and stockholders’ equity $2,891 $2,761
ELLIOTT COMPANY
Income Statements
For the Year Ended December 31 (in thousands)
2014 2013
Sales revenue $3,995 $3,655
Costs and expenses
Cost of goods sold 1,148 1,068
Selling & administrative expenses 2,400 2,330
Interest expense
10
20
Total costs and expenses 3,558 3,418
Income before income taxes 437
Income tax expense
Net income
175
237
95
$ 262 $ 142
Compute the following ratios for 2014 and 2013. (Round all answers
to 2 decimal places, e.g. 1.83 or 12.61%.)