Pak Hero 2008 Income Statement (Rs.

000)
Sales Rs. 2,590,614
Cost of goods sold 1,617,253
Gross profit Rs. 973,361
Selling, general, and administrative expenses 410,060
Depreciation and amortization 113,822
Operating profit Rs. 449,479
Interest expense 28,686
Income before taxes Rs. 420,793
Income taxes 153,592
Net income Rs. 267,201

Pak Hero 2008 Balance Sheet (Rs. 000)

Assets

Cash Rs. 183,415

Accounts receivable 542,659
Inventories 168,616
Other current assets 54,304
Total current assets Rs. 948,994
Gross plant, property, and equipment Rs. 1,244,185
Accumulated depreciation (562,444)
Net plant, property, and equipment Rs. 681,741
Other assets 481,342
Total assets Rs. 2,112,077

Liabilities and Equity

Liabilities

Accounts payable and accruals Rs. 256,086

Short-term debt 262,068
Total current liabilities Rs. 518,154
Long-term debt 432,843
Total liabilities Rs. 950,997
Equity
Common stock
Par value and paid-in capital Rs. 49,771
Retained earnings 1,111,309
Total equity Rs. 1,161,080
Total liabilities and equity Rs. 2,112,077