CASE ANALYSIS As the President leaves your office, you wonder if you have made a huge mistake! However, as a Cambrian College graduate, you are prepared to handle such a challenge and you decide to get started on providing the analysis and answers the President requires. You send a meeting invite out for later that afternoon to go over your preliminary analysis based on the information you have, grab yourself a large coffee, and begin to find a solution... EXHIBIT 1 Assets 2021 Current Assets Cash 200 Accounts Receivable 400 Inventory 600 Total Current Assets 1200 Fixed Assets Net Fixed Assests 800 Total Assets 2000 Liabilitiesand 2021 Owners' Equity Current Liabilities Accounts Payable 400 Notes Payable 400 Total Current 800 Liabilities Long-Term Liabilities Long-Term Debt 500 Total Long-Term 500 Liabilities Owners' Equity Common Stock 300 ($1 Par) Retained Earnings 400 Total Owners' Equity 700 Total Liab. and 2000 Owners' Equity Balance Sheet ($ in 000s) Income Statement ($ in 000s) 2021 Sales 1200 Cost of Goods Sold 900 Taxable Income 300 Taxes 90 Net Income 210 Dividends 70 Addition to Retained Earnings 140