If Company X has a share price of $80.50 and there are 3.014 million shares outstanding,

What is the net income in 2023?

Company X Balance Sheet			Company X Income Statement
Period Ending:	1/1/2023	1/1/2022	1/1/2021	1/2/2020			Period Ending:	1/1/2023	1/1/2022	1/1/2021	1/2/2020
Current Assets			Total Revenue	$485,873,000	$482,130,000	$485,651,000	$476,294,000
Cash and Cash Equivalents	$6,867,000	$8,705,000	$9,135,000	$7,281,000			Cost of Revenue	$361,256,000	$360,984,000	$365,086,000	$358,069,000
Short-Term Investments	$0	$0	$0	$0			Gross Profit	$124,617,000	$121,146,000	$120,565,000	$118,225,000
Net Receivables	$5,835,000	$5,624,000	$6,778,000	$6,677,000			Operating Expenses
Inventory	$43,046,000	$44,469,000	$45,141,000	$44,858,000			Research and Development	$0	$0	$0	$0
Other Current Assets	$1,941,000	$1,441,000	$2,224,000	$2,369,000			Sales, General and Admin.	$101,853,000	$97,041,000	$93,418,000	$91,353,000
Total Current Assets	$57,689,000	$60,239,000	$63,278,000	$61,185,000			Non-Recurring Items	$0	$0	$0	$0
Long-Term Assets			Other Operating Items	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0			Operating Income	$22,764,000	$24,105,000	$27,147,000	$26,872,000
Fixed Assets	$114,178,000	$116,516,000	$116,655,000	$117,907,000			Add'l income/expense items	$100,000	$81,000	$113,000	$119,000
Goodwill	$17,037,000	$16,695,000	$18,102,000	$19,510,000			Earnings Before Interest and Tax	$22,864,000	$24,186,000	$27,260,000	$26,991,000
Intangible Assets	$0	$0	$0	$0			Interest Expense	$2,367,000	$2,548,000	$2,461,000	$2,335,000
Other Assets	$9,921,000	$6,131,000	$5,455,000	$6,149,000			Earnings Before Tax	$20,497,000	$21,638,000	$24,799,000	$24,656,000
Deferred Asset Charges	$0	$0	$0	$0			Income Tax	$6,204,000	$6,558,000	$7,985,000	$8,105,000
Total Assets	$198,825,000	$199,581,000	$203,490,000	$204,751,000			Minority Interest	($650,000)	($386,000)	($736,000)	($673,000)
Current Liabilities			Equity Earnings/Loss Unconsolidated Subsidiary	$0	$0	$0	$0
Accounts Payable	$63,008,000	$58,615,000	$58,583,000	$57,174,000			Net Income-Cont. Operations	$14,293,000	$15,080,000	$16,814,000	$16,551,000
Short-Term Debt / Current Portion of Long-Term Debt	$3,920,000	$6,004,000	$6,670,000	$12,082,000			Net Income	$13,643,000	$14,694,000	$16,363,000	$16,022,000
Other Current Liabilities	$0	$0	$0	$89,000			Net Income Applicable to Common Shareholders	$13,643,000	$14,694,000	$16,363,000	$16,022,000
Total Current Liabilities	$66,928,000	$64,619,000	$65,253,000	$69,345,000
Long-Term Debt	$42,018,000	$44,030,000	$43,495,000	$44,559,000
Other Liabilities	$0	$0	$0	$0
Deferred Liability Charges	$9,344,000	$7,321,000	$8,805,000	$8,017,000
Misc. Stocks	$0	$0	$0	$1,491,000
Minority Interest	$2,737,000	$3,065,000	$4,543,000	$5,084,000
Total Liabilities	$121,027,000	$119,035,000	$122,096,000	$128,496,000
Stock Holders Equity
Common Stocks	$305,000	$317,000	$323,000	$323,000
Capital Surplus	$2,371,000	$1,805,000	$2,462,000	$2,362,000
Retained Earnings	$89,354,000	$90,021,000	$85,777,000	$76,566,000
Treasury Stock	$0	$0	$0	$0
Other Equity	($14,232,000)	($11,597,000)	($7,168,000)	($2,996,000)
Total Equity	$77,798,000	$80,546,000	$81,394,000	$76,255,000
Total Liabilities & Equity	$198,825,000	$199,581,000	$203,490,000	$204,751,000

Answer rating: 100% (QA)

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