Table T-6.9
J.C. Penney Company Inc.
Income Statements (in $ millions)
	1998	1997	1996
Sales	30678	30546	23471
Cost of Goods Sold	21859	21430	16089
Gross Profit	8819	9116	7382
Operating Expenses	7384	7644	6195
Operating Profit	1435	1472	1187
Interest	480	547	278
Other	.	.	.
Profit before tax	955	925	909
Tax	361	359	344
Profit after tax	594	566	565