Orlando Medical’s current ratio at year-end 2018 is closest to a. $735. b. $8,578. c. 0.94. d. 1.2. Transcribed Image Text: A1 Orlando Medical Corporation Consolidated Statements of Financial Position

Orlando Medical’s current ratio at year-end 2018 is closest to a. $735. b. $8,578. c. 0.94. d. 1.2. Transcribed Image Text: A1
Orlando Medical Corporation
Consolidated Statements of Financial Position
1
December 31,
3 (In Millions)
2018
2017
Assets:
Current Assets
Cash and cash equivalents
Short-term investments
Accounts and notes receivable
Inventories, at cost
Prepaid expense and other current assets
Total current assets
$ 4,226
$ 4,333
845
6.
520
8.
3,400
433
2,403
411
1,226
10
1,638
10,649
1,555
6,804
303
$ 19,311
11
8,786
907
5,199
155
$ 15,047
12 Property and equipment, net
14 Other non-current assets
15 Total assets
16 Liabilities and stockholders’ equity:
Current liabilities
Accounts payable
Accrued and other liabilities
17
18
19
$ 7,708
3,676
11,384
304
1.701
13,389
$ 6,009
3,033
9,042
305
1.179
10,526
Total current liabilities
20
21
Long-term debt
Other non-current liabilities
23 Total liabilities
24 Stockholders’ equity
22
Preferred stock and capital in excess of $0.02 par value;
25
shares issued and outstanding: none
Common stock and capital in excess of S0.05 par value;
28
26
27
shares authorized: 6,000; shares issued: 2,163 and
1,903, respectively
Treasury stock, at cost: 183 and 123 shares, respectively
29
7,803
(6,444)
4,676
(79)
(34)
5,922
$ 19,311
7,001
(4,401)
1,990
(25)
(44)
4,521
$ 15,047
30
31
Retained earnings
32
Other comprehensive loss
33
Other
34 Total stockholders’ equity
35 Total liabilities and stockholders’ equity
36
A1
Orlando Medical Corporation
Consolidated Statements of Income
2
Year ended December 31,
3 (In Millions, Except per Share Amounts)
4 Net Revenue
5 Cost of goods sold
2018
$ 42,666
35,147
7,519
2016
$ 31,111
25,492
5,619
2017
$ 35,220
29,255
5,965
Gross profit
7 Operating expenses:
8.
6.
Selling, general, and administrative
Research, development, and engineering
10
3,341
544
3,250
553
2,985
536
512
4,033
1,586
(30)
1,556
472
$ 1.084
Special charges
Total operating expenses.
Operating income
11
12
13 Investment and other income (loss), net
14
3,885
3,634
153
3,787
1.136
$ 2,651
3,803
2,162
196
2,358
940
$ 1.418
Income before income taxes
15 Income tax expense
16
Net income
17 Earnings per common share:
Basic
19
1.41
0.95
$ 0.37

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