2014	2015
Cash	$ 9,000	$ 7,282
S-T invest.	48,600	20,000
AR	351,200	632,160
Inventories	715,200	1,287,360
Total CA	1,124,000	1,946,802
Gross FA	491,000	1,202,950
Less: Depr.	146,200	263,160
Net FA	344,800	939,790
Total assets	$1,468,800	$2,886,592
	2014	2015
Accts. payable	$ 145,600	$ 324,000
Notes payable	200,000	720,000
Accruals	136,000	284,960
Total CL	481,600	1,328,960
Long-term debt	323,432	1,000,000
Common stock	460,000	460,000
Ret. earnings	203,768	97,632
Total equity	663,768	557,632
Total L&E	$1,468,800	$2,886,592

Analyze the balance sheet and explain what we can learn about the company from reading the balance sheet.