Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016.
|
|
Crane Company
|
|
Sheridan Company
|
|
|
2017
|
|
2016
|
|
2017
|
|
2016
|
Net sales |
|
$1,877,000 |
|
|
|
$587,000 |
|
|
Cost of goods sold |
|
1,076,000 |
|
|
|
298,000 |
|
|
Operating expenses |
|
261,000 |
|
|
|
83,000 |
|
|
Interest expense |
|
8,000 |
|
|
|
2,600 |
|
|
Income tax expense |
|
70,100 |
|
|
|
30,000 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
795,379 |
|
$762,280 |
|
203,340 |
|
$ 193,899 |
Plant assets (net) |
|
1,285,392 |
|
1,220,000 |
|
340,936 |
|
306,981 |
Current liabilities |
|
161,833 |
|
184,989 |
|
86,249 |
|
73,886 |
Long-term liabilities |
|
278,136 |
|
219,600 |
|
72,273 |
|
61,000 |
|
|
|
|
|
|
|
|
|
Common stock, $10 par |
|
1,220,000 |
|
1,220,000 |
|
292,800 |
|
292,800 |
Retained earnings |
|
420,802 |
|
357,692 |
|
92,954 |
|
73,195 |
|
|
|
|