CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earning

Question

CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data For the year ended December 31, 2010 2011 2009 Net product sales Rental and royalty revenue Total revenue Product cost of goods sold Rental and royalty cost $528,369 $517,149$495,592 3,739 4 ,2 532,505521448 365,225 349,334 66 263350,422 319,775 366,263 50 4 166,242 171,026 5766 64 2 320,627 Product gross margin 3,098 ,211 Total gross margin Selling, marketing and administrative expenses Impairment charges Earnings from operations Other income (expense), net Earnings before income taxes Provision for income taxes Net earnings nti 166, 242 171,026 _178,704 108,276 106,316 103,755 14,000 60,949 2,100 63,049 9,892 $43,938 $53,063 $53,157 64,710 8,3 73,068 20,005 57,.966 2,946 Net earnings Other comprehensive earnings (loss) Comprehensive earnings $43,938 $53,063 $53,157 2,845 $35,198 $54,246 $56,002 (8,740) 1,183 Retained earnings at beginning of year. Net earnings Cash dividends Stock dividends Retained earnings at end of year $135,866 $147,687 $144,949 53,157 43,938 (18,360) (18,078) (17,790) (47,175) (46,806) (32,629) $1 114,269 $135,866 $147,687 Earnings per share o. Average Common and Class B Common shares outstanding 57,892 58,685 59,425

Explanation / Answer

Total current liabilities as at december 31, 2011 = $212201000

Decrease in current liability from the prior year = $235167000 - $212201000 = $22966000

Accounts payable as on dec 31, 2011 = $10683000

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