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computing its return on assets and return on invested capital. GLOBAL CONGLOMERATE CORPORATION Income Statement Year Ended December 31 (in $ million) 2018 2017 Total sales 186.7 176.1 Cost of sales (153.4) (147.3) Gross Profit 33.3 28.8 Selling, general, and administrative expenses (13.5) (13.0) Research and development (8.2) (7.6) Depreciation and amortization (1.2) (1.1) Operating Income 10.4 7.1 Other income - Earnings Before Interest and Taxes (EBIT) 10.4 7.1 Interest income (expense) (7.7) (4.6) Pretax Income 2.7 2.5 Taxes (0.7) 0.6) Net Income 2.0 1.9 Earnings per share: $0.556 $0.528 Diluted earnings per share: $0.526 $0.500 GLOBAL CONGLOMERATE CORPORATION GLOBAL CONGLOMERATE CORPORATION Consolidated Balance Sheet Consolidated Balance Sheet Year Ended December 31 (in $ million) Year Ended December 31 (in $ million) Liabilities and Stockholders' Equity 2018 2017 Assets 2018 2017 Current Liabilities Current Assets Accounts payable 29.2 24.5 Cash 21.2 19.5 Notes payable/short-term debt 3.5 3.2 Accounts receivable 18.5 13.2 Current maturities of long-term debt 12.3 Inventories 15.3 14.3 13.3 Other current liabilities 20 4.0 Other current assets 2.0 1.0 57.0 48.0 Total current liabilities 48.0 44.0 Total current assets Long-Term Assets Long-Term Liabilities Land 22.2 20.7 Long-term debt 99.9 76.3 Buildings 36.5 30.5 Capital lease obligations - Equipment 39.7 33.2 Total debt 99.9 76.3 Less accumulated depreciation (18.7) 17.5) Deferred taxes 7.6 7.4 Net property, plant, and equipment 79.7 66.9 Other long-term liabilities Goodwill and intangible assets 20.0 20.0 Total long-term liabilities 107.5 83.7 Other long-term assets 21.0 14.0 Total Liabilities 155.5 127.7 Total long-term assets 120. 100.9 Stockholders' Equity 22.2 21.2 Total Liabilities Total Assets 177.7 148.9 and Stockholders' Equity 177.7 148.9