Profit & Loss Statements for Dell Computer Corporation (millions of dollars).

Fiscal Year 1996 % of sales 1997 Difference between 1997 and 1996
Sales $5,296 100.00% 7944 $2,648
Cost of Sales 4,229 79.85% 6343.5 $2,115
Gross Margin 1,067 20.15% 1600.5 $534
Operating Expenses 690 13.03% 1035 $345
Operating Income 377 7.12% 565.5 $189
Financing & Other Income 6 0.11% 9 $3
Income Taxes 111 2.10% 166.5 $56
Net Profit 272 5.14% 408 $136
Exhibit 5 Balance Sheets for Dell Computer Corporation (millions of dollars).

Year Ended
January 28,
1996 % of Total Assets 1997 (Forecast)
Current Assets:
Cash 55 2.56% 82.5
Short Term Investments 591 27.51% 886.5
Accounts Receivables, net 726 33.80% 1089
Inventories 429 19.97% 643.5
Other 156 7.26% 234
Total Current Assets 1,957 91.11% 2935.5
Property, Plant & Equipment, net 179 8.33% 268.5
Other 12 0.56% 18
Total Assets 2,148 100.00% 3222

Current Liabilities:
Accounts Payable 466 21.69% 699
Accrued and Other Liabilities 473 22.02% 709.5
Total Current Liabilities 939 43.72% 1408.5
Long Term Debt 113 5.26% 169.5
Other Liabilities 123 5.73% 184.5
Total Liabilities 1,175 54.70% 1762.5
Stockholders’ Equity:
Preferred Stocka 6 0.28%
Common Stocka 430 20.02%
Retained Earnings 570 26.54%
Other (33) -1.54%
Total Stockholders’ Equity 973 45.30%
2,148 100.00%
Change

27.5 Increase in operating current assets 655.5

295.5
363
214.5
78
978.5
89.5
6
1,074

233
236.5
469.5
56.5
61.5
587.5