Use the Miami Medical Corporation financial statements that follows to answer questions 13-37 through 13-48

During 2016, Miami Medical?s total assets

a. Increased by 26.7%

b. Increased by $1,902 million.

c. Both a and b

d. Increased by 21.1%

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0458420884822222800000504408820HAWNL 3 (In Millions) 4 Assets: 10 Cash and cash equivalents Short-term investments Accounts and notes receivable Inventories, at cost Prepaid expense and other current assets Total current assets 12 Property and equipment, net 13 Investments 11 14 Other non-current assets 15 Total assets 17 16 Liabilities and stockholders' equity: Current liabilities 18 Accounts payable Accrued and other liabilities Total current liabilities Long-term debt Other non-current liabilities 23 Total liabilities 24 Stockholders' equity 19 21 26 27 29 30 Miami Medical Corporation Consolidated Statements of Financial Position 31 Current Assets 32 33 36 Preferred stock and capital in excess of $0.02 par value; shares issued and outstanding: none Common stock and capital in excess of $0.05 par value; shares authorized: 6,000; shares issued: 1,402 and 1,146, respectively Treasury stock, at cost: 180 and 124 shares, respectively Retained earnings Other comprehensive loss Other 34 Total stockholders' equity 35 Total liabilities and stockholders' equity December 31, 2016 $ 4,369 850 3,404 433 $ 7,702 3,695 11,397 306 1,701 13,404 1,602 10,658 1,545 938 6,681 5,328 302 122 $19,186 $15,144 7,807 (6,200) 4,304 (91) (38) 2015 5,782 $ 19,186 $ 4,206 523 2,402 404 1,221 8,756 $ 6,000 3,099 9,099 307 1,175 10,581 7,007 (4,403) 2,036 (29) (48) 4,563 $ 15,144 1 2 3 (In Millions, Except per Share Amounts) 4 5 6 13 14 15 16 A1 7 Operating expenses: 8 9 10 11 12 17 18 19 Miami Medical Corporation Consolidated Statements of Income -∞ a Net Revenue Cost of goods sold Gross profit Selling, general, and administrative Research, development, and engineering Special charges Total operating expenses Operating income Investment and other income (loss), net Income before income taxes Income tax expense Net income Earnings per common share: Basic Year ended December 31, 2016 $ 42,041 35,164 6,877 3,748 584 4,332 2,545 185 2,730 1,137 $ 1.593 $ 1.42 2015 $ 35,304 29,111 6,193 3,350 558 3,908 2,285 197 2,482 950 $ 1.532 $ 0.90 2014 $ 31,191 26,061 5,130 $ $ 2,689 529 500 3,718 1,412 (78) 1,334 473 861 0.37 0458420884822222800000504408820HAWNL 3 (In Millions) 4 Assets: 10 Cash and cash equivalents Short-term investments Accounts and notes receivable Inventories, at cost Prepaid expense and other current assets Total current assets 12 Property and equipment, net 13 Investments 11 14 Other non-current assets 15 Total assets 17 16 Liabilities and stockholders' equity: Current liabilities 18 Accounts payable Accrued and other liabilities Total current liabilities Long-term debt Other non-current liabilities 23 Total liabilities 24 Stockholders' equity 19 21 26 27 29 30 Miami Medical Corporation Consolidated Statements of Financial Position 31 Current Assets 32 33 36 Preferred stock and capital in excess of $0.02 par value; shares issued and outstanding: none Common stock and capital in excess of $0.05 par value; shares authorized: 6,000; shares issued: 1,402 and 1,146, respectively Treasury stock, at cost: 180 and 124 shares, respectively Retained earnings Other comprehensive loss Other 34 Total stockholders' equity 35 Total liabilities and stockholders' equity December 31, 2016 $ 4,369 850 3,404 433 $ 7,702 3,695 11,397 306 1,701 13,404 1,602 10,658 1,545 938 6,681 5,328 302 122 $19,186 $15,144 7,807 (6,200) 4,304 (91) (38) 2015 5,782 $ 19,186 $ 4,206 523 2,402 404 1,221 8,756 $ 6,000 3,099 9,099 307 1,175 10,581 7,007 (4,403) 2,036 (29) (48) 4,563 $ 15,144 1 2 3 (In Millions, Except per Share Amounts) 4 5 6 13 14 15 16 A1 7 Operating expenses: 8 9 10 11 12 17 18 19 Miami Medical Corporation Consolidated Statements of Income -∞ a Net Revenue Cost of goods sold Gross profit Selling, general, and administrative Research, development, and engineering Special charges Total operating expenses Operating income Investment and other income (loss), net Income before income taxes Income tax expense Net income Earnings per common share: Basic Year ended December 31, 2016 $ 42,041 35,164 6,877 3,748 584 4,332 2,545 185 2,730 1,137 $ 1.593 $ 1.42 2015 $ 35,304 29,111 6,193 3,350 558 3,908 2,285 197 2,482 950 $ 1.532 $ 0.90 2014 $ 31,191 26,061 5,130 $ $ 2,689 529 500 3,718 1,412 (78) 1,334 473 861 0.37

Answer rating: 100% (QA)

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