2017 2018 2019 Sales revenue $ 10,800,000 $ 12,120,000 $ 15,600,000 Cost of goods sold:


Annual depreciation (in thousands of dollars)$300$300$300

Cash dividends per share$0.15$0.15$0.15

Cash payments for additions to and replacement of

plant and equipment (in thousands of dollars)$350$350$350

Income tax rate40%40%40%

Operating expenses (exclusive of depreciation) as a

percent of sales15%15%15%

Common shares outstanding (in millions)111

(a) (Enter amounts in thousands. Round earnings per share values to 2 decimal places, e.g. 52.75. Round other answers to 0 decimal places, e.g. 125.)

(1)Year-end inventory balances.

(2)Annual net income after taxes.

(3)Earnings per share.

(4)Cash balance.

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