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
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| 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
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