Question: Selected comparative statement data for Molini Products Company are presented below. All balance sheet data are as of December 31. 2014 2013 Net sales $703,510

Selected comparative statement data for Molini Products Company are presented below. All balance sheet data are as of December 31.

2014
2013
Net sales $703,510 $681,210
Cost of goods sold 482,190 402,140
Interest expense 7,980 5,560
Net income 43,570 35,340
Accounts receivable 124,960 105,280
Inventory 80,230 77,140
Total assets 584,000 537,860
Total common stockholders

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