Current Attempt in Progress The following information is available from the annual reports of Oriole Company and Pharoah Company. (amounts in millions) Oriole Pharoah Sales $27,520 $34,740 Gross profit 6,680 8,810 Net income 670 1,220 Current assets 13,760 29,016 Beginning total assets 17,170 33,150 Ending total assets 22,000 37,200 Current liabilities 8,000 13,950 Total liabilities 16,500 29,016 Average common shares outstanding 200 305 Preferred stock dividends paid 0 0