1. Calculate the Adequacy of Resources (Burn Rate) from the Financials provided above.

2018 2017 2018 2017 Assets Cash $83 S 72 $ 8,689 Sales (,000.00) $7,359 Accounts Receivable 1,312 1,204 Inventory 1,270 1,514 Cost of Goods 6,756 5,763 Other Assets 85 67 Sold Total Assets 2,750 2,857 $1,933 $1,596 GROSS PROFIT Property Plant Equipment 2,230 2,264 Other Assets 213 233 Selling, General & 1,061 $5,193 $5,354 793 Total Assets Administration Liabilities Accounts Payable $1,022 $1.129 Credit Line 100 150 Depreciation 231 239 Current Long-term Debt 52 51 Total Current Liabilities 1,174 1,330 Other Income 19 19 Long term Debt 1,037 1,158 Other Long-term Liabilities 525 491 $652 $553 EBIT $2,736 $2,979 Total Liabilities Shareholder Equity Interest Expense 191 197 Common Stock 74 74 Additional Paid in Capital 1,110 1,110 Retained Earnings 1,273 1,191 xes 213 203 $2,457 $2,375 Total Shareholder Equity $ 248 Total Liabilities/Shareholder $153 NET PROFIT 5,193 $5,354 equity 2018 2017 2018 2017 Assets Cash $83 S 72 $ 8,689 Sales (,000.00) $7,359 Accounts Receivable 1,312 1,204 Inventory 1,270 1,514 Cost of Goods 6,756 5,763 Other Assets 85 67 Sold Total Assets 2,750 2,857 $1,933 $1,596 GROSS PROFIT Property Plant Equipment 2,230 2,264 Other Assets 213 233 Selling, General & 1,061 $5,193 $5,354 793 Total Assets Administration Liabilities Accounts Payable $1,022 $1.129 Credit Line 100 150 Depreciation 231 239 Current Long-term Debt 52 51 Total Current Liabilities 1,174 1,330 Other Income 19 19 Long term Debt 1,037 1,158 Other Long-term Liabilities 525 491 $652 $553 EBIT $2,736 $2,979 Total Liabilities Shareholder Equity Interest Expense 191 197 Common Stock 74 74 Additional Paid in Capital 1,110 1,110 Retained Earnings 1,273 1,191 xes 213 203 $2,457 $2,375 Total Shareholder Equity $ 248 Total Liabilities/Shareholder $153 NET PROFIT 5,193 $5,354 equity