$2$

Carter Paint Company has plants in four provinces. Sales last year were $$100$ million, and the balance sheet at year$-$end is similar in percent of sales to that of previous years $($and this will continue in the future$).$ All assets and current liabilities will vary directly with sales. Assume the firm is already using capital assets at full capacity.

$10$ points

References

$\backslash$table$[[,,\backslash$table$[[$Balance Sheet$],[($in $ millions$)]],],[$Assets$,$$$5,\backslash$table$[[$Liabilities and Shareholders Equity$],[$Accounts payable$]],$$$15$