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1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,

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Page 1: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 2: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 3: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 4: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 5: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 6: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 7: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 8: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 9: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 10: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 11: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 12: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 13: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 14: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 15: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 16: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 17: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 18: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 19: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 20: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 21: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 22: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 23: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 24: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 25: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 26: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 27: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,
Page 28: 1979 Annual Report...for fiscal 1979. Since 1970, earnings have improved each year at a com- pound annual rate of 45 percent. Sales for the year increased to $900,300, 000, or 33 percent,

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