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8. Tic-Tac Homes has had the following balance sheet statements the past four years (in thousands): 20X1 20X2 20X3 Cash Receivables $ 214 $

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8. Tic-Tac Homes has had the following balance sheet statements the past four years (in thousands): 20X1 20X2 20X3 Cash Receivables $ 214 $ 93 $ 42 20X4 $ 38 1,213 1,569 1,846 2,562 Inventories 2,102 2,893 3,678 4,261 Net fixed assets 2,219 2,346 2,388 2,692 Total assets $5,748 $6,901 $7,954 $9,553 Accounts payable $1,131 $1,578 $1,848 $2,968 Notes payable 500 650 750 750 Accruals 656 861 1,289 1,743 Long-term debt 500 800 800) 800 Common stock 200 200 200 200 Retained earnings Total liabilities and shareholders' equity 2,761 2,812 3,067 3,092 $5,748 $6,901 $7,954 $9,553 Using index analysis, what are the major problems in the company's financial condition?

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