Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken...
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Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31, 2016, financial statements:
For the Year Ended December 31, 2016: Net revenues Cost of services provided Depreciation expense Operating Income Interest expense Income tax expense Net Income At December 31, 2016 Assets Cash and short-term Investments Accounts recelvable, net Property, plant, and equipment, net Total assets $64.400 22.800 13,000 $ 28,600 7,600 6.400 $14,600 $5.600 19,600 154.800 $ 180,000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Notes payable (long term) Pald-In capital Retalned earnings Total liabillties and stockholders' equity $ 3,000 3,200 95,000 20,000 58,800 $ 180,000 At December 31, 2015, total assets were $164,000 and total stockholders' equity was $65,200. There were no changes in notes payable or paid-in capital during 2016
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