the following selected financial data excerpted from the annual report of appliance 626170

The following selected financial data excerpted from the annual report of Appliance Corporation represents the summary

information which management presented for interested parties to review: Appliance Corporation

Selected Financial Data (USD thousands except per share data)

 

2010

2009

2008

2007

2006

Net sales

$3,049,524

33,72,515

$2,987,054

$3041223

$2,970,626

Cost of sales

22,50,616

24,96,065

22,62,942

23,39,406

22,54,221

Income taxes

74,800

90,200

38,600

15,900

44,400

Income (loss) from continuing

14,996)

1,51,137

51,270

-8,254

79,017

operations

         

percent of income (loss) from

       

continuing operations to net sales

0.5%)

4.50%

1.70%

-0.30%

2.70%

Income (loss) from continuing

       

operations per share

$ (0.14)

1.42

0.48

-0.08

$ 0.75

Dividends paid per share

0.515

0.5

0.5

0.5

0.5

Average shares outstanding (in

       

thousands)

1,07,062

1,06,795

1,06,252

1,06,077

1,05,761

Working capital

$ 543,431

$ 595,703

$ 406,181

$452,626

$ 509,025

Depreciation of property, plant and

     

equipment

1,02,572

1,10,044

1,02,459

94,032

83,352

Additions to property, plant and

     

equipment

1,52,912

84,136

99,300

1,29,891

1,43,372

Total assets

21,25,066

25,04,327

24,69,498

25,01,490

25,35,068

Long-term debt

5,36,579

6,63,205

724,65

7,89,232

8,09,480

Total debt to capitalization

45.90%

50.70%

60.00%

58.70%

45.90%

Shareowners” equity per share of

     

common stock

$ 6.05

$ 6.82

$ 5.50

$ 9.50

 

a. As a creditor, what do you believe management”s objectives should be? Which of the preceding items of information would assist a creditor in judging management”s performance?

b. As an investor, what do you believe management”s objectives should be? Which of the preceding items of information would assist an investor in judging management”s performance?

c. What other information might be considered useful?