Business, 03.12.2019 18:31 arichar

Assets current assets: cash $ 930,000 $ 1,170,000 marketable securities 0 300,000 accounts receivable, net 2,580,000 1,680,000 inventory 3,570,000 2,200,000 prepaid expenses 250,000 190,000 total current assets 7,330,000 5,540,000 plant and equipment, net 9,460,000 9,020,000 total assets $ 16,790,000 $ 14,560,000 liabilities and stockholders' equity liabilities: current liabilities $ 3,980,000 $ 2,920,000 note payable, 10% 3,640,000 3,040,000 total liabilities 7,620,000 5,960,000 stockholders' equity: common stock, $70 par value 7,000,000 7,000,000 retained earnings 2,170,000 1,600,000 total stockholders' equity 9,170,000 8,600,000 total liabilities and stockholders' equity $ 16,790,000 $ 14,560,000

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Assets current assets: cash $ 930,000 $ 1,170,000 marketable securities 0 300,000 accounts receivab...

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