Selected information from the financial statements of Salvo Company for the years ended December 31,2003 and 2004 is as follows ( in $ millions) :
A．
B．2003
C．2004
D．Sales
E．$ 21
F．$ 23
G．Cost of Goods Sold
H．(8)
I．(9)
J．Gross Profit
K．13
L．14
M．Cost of Franchise
N．(6)
O．0
P．Other Expenses
Q．(6)
R．(6)
S．Net Income
T．$ 1
U．$ 8
V．Cash
W．$ 4
X．$ 5
Y．Accounts Receivable
Z．6
Z．5
Z．Inventory
Z．9
Z．7
Z．Property, Plant & Equip. (net)
Z．12
Z．15
Z．Total Assets
Z．$ 31
Z．$ 32
Z．Accounts Payable
Z．$ 7
Z．$ 5
Z．Long-term Debt
Z．10
Z．5
Z．Common Stock
Z．8
Z．8
Z．Retained Earnings
Z．6
Z．14
Z．Total Liabilities and Equity
Z．$ 31
Z．$ 32
