Too bad they didn't make any money selling computers!
Quarter Ended Year Ended
Sept. 3, Aug. 28, Sept. 3, Aug. 28,
1998 1997 1998 1997
--------- --------- -------- --------
Interest income, net 4,850 2,411 13,776 7,896
Income tax provision 10,573 11,827 38,151 57,092
Net income 16,195 14,955 47,953 87,262
As of Sept. 3, As of Aug. 28,
1998 1997
-------------- --------------
Cash and cash equivalents $ 328,537 $ 183,935
Liquid investments 29,204 10,068
Receivables 128,269 223,476
Inventories 30,848 115,501
Total current assets 538,462 563,148
Property, plant and
equipment, net 147,912 191,536
Total assets 692,443 758,346
How do they earn $10M via the IRS?
Total assets decreased by $66M over the previous year.
Somebody who is more familiar with Utah arithmetic please explain!
Greg |
