Question

Lerner Actual Financial Statements, 2013-2015 ( $ millions)

201320142015

Income statement (Actuals)

Sales316.6330.1345.8

Cost of Goods Sold284.6296310.3

Gross profit3234.135.5

Operating expenses26.82930.5

Depreciation 1.51.81.9

Operating profit3.73.33.1

Interest expense0.20.20

Income taxes1.11.11.2

Net income2.421.9

Balance sheet (Actuals)

Cash3.21.60.5

Accounts receivable29.230.530

Inventories 4.84.95.9

Total Current assets37.43736.4

Net Property & Plant7.19.111

Investments 47.247.747

Total assets91.793.894.4

Accounts payable7.5910.3

Short term loan3.92.50.2

Total Current Liabilities11.411.510.5

Accrued expenses 1515.215.4

Other liabilities1717.217.8

Total liabilities43.443.943.7

Equity48.349.950.7

Total liabilities and equity91.793.894.4