1. From the table ,insert the values for the NI and assets.

2. Interpret your results.

Pettijohn Ine. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has to amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of s) Assets 2016 Cash and securities $ 1,554.0 Accounts receivable 9,660.0 Inventories 13.440.0 Total current assets $24,654.0 Net plant and equipment 17,346,0 Total assets $42.000,0 Liabilities and Equity Accounts payable $ 7.980.0 Notes payable 5,880.0 Accruals 4.620,0 Total current liabilities $18,480.0 Long-term bonds 10.920,0 Total liabilities $29.400.0 Common stock 3,360.0 Retained camnings 9.240.0 Total common equity $12.600.0 Total liabilities and equity $42.00.00 Income Statement Millions of S 2016 Net sales $58.800.0 Operating costs except depr'n $54,978.0 Depreciation $ 1,029,0 Earnings befint and taxes (EBIT) $ 2,793.0 Less interest 1.050,0 S 1.743.0 Earnings before taxes (EBT) S610.1 Taxes Net income S 1.133.0 Other data: 175.00 Shares outstanding (millions) $ 509.83 Common dividends 6.25% Intrate on notes payable & L-T bonds 35% Federal plus state income tax rate $77.69 Year-end stock price